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Ballymore secures funding for £200m office development in Birmingham

Developer Ballymore has received funding from British property investor M&G Real Estate for the construction of the £200m Three Snowhill development in Birmingham, UK.The office development, which will cover an area of 420,000 sq ft, is due to be the largest ever speculative city centre office project built outside London.The property will feature 385,000 sq ft of office space, 35,000 sq ft of retail and leisure space, accommodating nearly 4,000 workers.BAM Construction was appointed as preferred contractor for the project in June 2015. The project is expected to be completed at the end of 2018.Ballymore CEO Sean Mulryan said: “Ballymore is delighted to announce a start on the third and final phase of our Snowhill scheme. “Working with the city, our funding partner, M&G Real Estate, and our main contractor, BAM, we will deliver a landmark building and the final element of what is one of the largest and most prestigious commercial developments in central Birmingham.”