Work has begun on a £4.5m plan to redevelop a 210,000 sq ft website in Birmingham’s metropolis centre right into a startup hub.
The challenge, from UK science and tech property developer Bruntwood SciTech, will set up a workspace for startups and scaleups within the Centre Metropolis tower, which was constructed throughout the Sixties in Birmingham’s theatre district.
Development has begun, with Bruntwood SciTech aiming to finish the challenge by January 2025. The 20-storey constructing will supply co-working and pay-as-you-go choices for startups.
“The redevelopment of Centre Metropolis represents a pivotal second for Birmingham, underscoring Bruntwood SciTech’s dedication to fostering innovation and financial prosperity within the area,” stated Bruntwood SciTech senior asset supervisor Mohammed Ali.
“As we progress with development, we look ahead to welcoming a various vary of main organisations to this revitalised landmark, additional cementing Birmingham’s repute as a premier vacation spot for enterprise development.”
The challenge is a three way partnership from Bruntwood SciTech, Authorized & Basic and Higher Manchester Pension Fund. Bruntwood SciTech has six innovation hubs within the West Midlands metropolis.
The group’s final enterprise within the metropolis was the Birmingham Innovation Quarter, unveiled in Could 2023.
“We’re proud to be a part of the transformative redevelopment of Centre Metropolis, which is able to reimagine the constructing as a central hub for revolutionary firms in Birmingham,” stated Andy Riach, director of property company Lambert Smith Hampton.
“We now have little question that demand can be excessive for this market-leading workspace, and we look ahead to seeing the constructive influence this challenge can have on the native enterprise panorama.”
Learn extra: Regional tech report: West Midlands
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