Birmingham City Council to offload 178,000 sq ft office building
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Birmingham City Council is set to sell a landmark 178,000 sq ft office building.
The council has instructed JLL on the sale of One Lancaster Circus, Queensway. The 1.3 acre site is home to an office building with a ground floor car park. The Council has occupied the building for over thirty years. It was refurbished as recently as 2010 however, the Council has decided to embrace a more flexible working strategy therefore reducing their office requirements.
JLL says the site is suitable for traditional residential, build to rent, bo-Living, student accommodation or even a mixed-use scheme. The Council’s own urban design analysis considered heights ranging from 30 to 60 storeys.
William Cox, residential director at JLL in Birmingham, said: “We are delighted to be working on our second site with the Council this year. Lancaster Circus presents an amazing development opportunity. The size, scale and position offers developer’s an opportunity to deliver a scheme that not only connects two key neighbourhoods but has a really significant impact on people’s first and last impressions of the city.”