Canmoor and a Fund managed by Credit Suisse Asset Management have received planning consent from Birmingham City Council for the refurbishment, extension, and regeneration of 120 Edmund Street. The scheme will be known as The Drapery.
The green light from the council enables the development and refurbishment of the existing building, with plans to add three floors, creating a remodelled 11 storey building of approximately 176,000 sq ft (NIA), with an enhanced entrance fronting Edmund Street and the introduction of retail accommodation, along with an additional office entrance on Cornwall Street.
120 Edmund Street is situated in the heart of Birmingham city centre and reflects the city’s rich history of development. Located in a prominent city centre location, the scheme is approximately 4 minutes’ walk from Birmingham Snow Hill Station and 7 minutes from Birmingham New Street Station.
Sam Walker, Director of Canmoor, says: “Having worked closely with Birmingham City Council and other local stakeholders, we are delighted to receive consent to regenerate 120 Edmund Street into a Best in Class office building to attract new occupiers to the CBD and benefit the local community. The high-quality, holistic refurbishment of this impressive city centre HQ building was designed by Buckley Gray Yeoman and seeks to enhance both the quality of the building and the occupier’s experience, incorporating high sustainability credentials.”
The plans allow for the addition of external terraces on floors seven to ten, with winter gardens introduce on the lower floors (one to six). In addition, there is a retail/café unit on the ground floor fronting Cornwall Street, to compliment the recently improved public realm/street scene – part of BCC’s Snow Hill Public Realm programme.
An accessible cycle entrance will be added to Cornwall Street, with showers, 168 bicycle spaces, bike repair station and charging facilities for electric bikes, as well as a significant reduction of parking spaces to focus on encouraging sustainable travel. The development will target a BREEAM Excellent rating, EPC A and a Nabers rating of 4*.
Credit Suisse Asset Management and Canmoor were advised through the planning process by Savills and BGY, with BNP and JLL appointed to undertake a pre-leasing campaign.