Greater Birmingham at MIPIM 2015: Ballymore to press on with Three Snowhill scheme

DEVELOPER Ballymore has submitted a detailed planning application for a third building at Snow Hill in central Birmingham.

Three Snowhill will complete the Snowhill development, creating a city centre estate comprising nearly 1m sq ft of premium office space.

The announcement was made at global real estate show MIPIM in Cannes  following a presentation about the Snow Hill Masterplan – which covers the area in which the project is based – on the Greater Birmingham stand.

Three Snowhill will be a 400,000 sq ft building offering 360,000 sq ft of Grade A offices over 16 storeys, complemented with 40,000 sq ft of leisure and retail space, and ancillary parking spaces over four floors.

TheBusinessDesk.com will be bringing you the Greater Birmingham delegation’s news from MIPIM all this week. To read more click here. 

Irish developer Ballymore previously secured outline consent for Three Snowhill in 2013.

The firm’s project director for Snowhill, Richard Probert, said: “This is the right time to move forward with Three Snowhill. We were encouraged to push ahead with the scheme after securing the letting of the last available space in Two Snowhill to HS2, and seeing the launch of the Snow Hill Masterplan – which demonstrates the ambition and strategic vision needed to enhance and grow Birmingham city centre’s valuable business district.

“The Masterplan aims to attract more investment, business and people into the city – and we are aiming to capitalise on these plans with the delivery of Three Snowhill.”

The announcement follows the unveiling of the city’s 20-year Snow Hill Masterplan by Birmingham City Council and the Colmore Business District last month. Covering the Snow Hill and Colmore areas of the city, it provides a framework to create 10,000 new jobs, generate over 200,000 sq m of new office space, and boost the local economy by over £600 million each year.

Waheed Nazir, director for planning and regeneration at Birmingham City Council, said: “Three Snowhill will be an exciting new addition to the sites being built in Birmingham to cater for an increase in demand from businesses for quality office space.

“With the city expected to experience a shortage of Grade A supply by the end of the year, it is welcome news that Three Snowhill is now moving forward.”