Author Archives: Kate

EDG Property has joined some of the West Midlands top companies to become a ‘champion’ of one of the region’s leading networking organisations.

The Birmingham-based property company has become a member of Coventry and Warwickshire Champions alongside more than 100 organisations including the city’s universities, financial giants Barclays and Jaguar Land Rover.

The networking group was launched in 2012 as an initiative to help raise the profile of Coventry and Warwickshire, spearheaded by Les Ratcliffe, formally head of community relations for Jaguar Land Rover, who was recently awarded an MBE by the Queen.

The group holds regular networking events across the region with speakers from various sectors including business, sport and politics and it recently held its first event in Birmingham, which was attended by more than 300 business and civic leaders to hear an update about Coventry and Warwickshire.

Last month EDG Property was granted planning permission to transform the former Co-Op department store in the heart of Coventry into a landmark £15m residential development and EDG director Neil Edginton said he was delighted to be an advocate for a city with such an exciting future.

He said: “There is a really fantastic buzz around Coventry at the moment and you get a real sense of this when you attend an Champions event. There is huge positivity about the city’s potential and Champions is a great vehicle for people to make those important connections that make things happen.

“The Co-Operative is a major scheme for EDG Property and we are investing in the city in the long term with this project as well as being open to future opportunities because we truly believe that there is still much more to come from Coventry.

“This is our first project in the city and it is great to work with a local authority and other stakeholders with such a ‘can do’ attitude and we are looking forward to becoming part of that and doing what we can to promote the city as it continues on this upward curve and equally importantly as it strives to secure the Capital of Culture 2021 which would be a welcome and deserved accolade for the city.”

Plans have been approved for a new £15 million scheme that will create the highest-spec apartments Coventry city centre has ever seen.

Award winning developer, EDG Property, will now start work on site this summer, to transform the iconic 1950s Co-Op building in Corporation Street into retail, residential and offices after planning permission was granted.

The company revealed plans for the scheme earlier this year which showed it would retain and be true to the mid-century architecture – right down to calling the scheme The Co-Operative and using the existing 1950s lettering on the building frontage.

The firm is investing heavily in the residential scheme which will also include private residents’ gym areas, and with demand expected to be high, potential buyers are being urged to register their interest as soon as possible.

Not only will the apartments be the highest specification units in Coventry to date, the whole development will bring something new to the city including a private internal residents’ park and a private residents’ members lounge.

EDG Property have a proven track record of delivering iconic schemes such as The Cube and The School Yard in Birmingham and managing director Neil Edginton believes the time is right for city centre living in Coventry to move to the next level.

He said: “Now that we have planning permission, we can begin enabling works next month on the whole project.

“The apartments are going to bring something very new and exciting to Coventry city centre and, while they are not officially on sale yet, we will be registering interest. I’ve already spoken to several interested parties who can appreciate what we are going to create at The Co-Operative and that the project will be a real step up for the city centre.

“The architecture is wonderful and we are retaining the historic elements of the external façade – including the traditional Co-Operative lettering – and we will be developing the architecture in keeping with the much loved history.

“Coventry has huge potential.  I was involved in The Mailbox in Birmingham and, at the time, nobody thought that could work, but you look at the city now and it has transformed itself through regenerative projects.

“The time is right for Coventry to do that and we believe this development forms part of a bigger picture for the city.

“We are also very excited about the plans to transform the nearby former Coventry Telegraph building into a 1950s-style hotel and together with other work being undertaken in Corporation Street and Belgrade Plaza, the area is being totally revitalised.”

The new retail, restaurant and café bar space at The Co-Operative will be 22,000 sq ft and the office scheme will be 8,000 sq ft. Commercial agents for both will be announced shortly but those wanting to register their interest in the apartments should contact EDG Property on info@edgproperty.co.uk

The first images have been released of EDG Property’s proposals to transform a former Coventry department store into the city’s premier apartment scheme.

Plans have now been submitted to Coventry City Council for the ambitious £15m project that will see the creation of the city’s highest specification apartments developed around an indoor park at the former Co-op store in Corporation Street.

The plans deigned by architects Corstorphine + Wright will retain much of the existing listed mid-20th Century architecture right down to calling the scheme The Co-operative and using the existing 1950s lettering on the building frontage.

A key element would be the creation of a park within the development by removing a section of the building and creating a covered private residential city centre park, while a private members’ club will be added to the top floor of the building, exclusive for residents.

Announcing the plans on the eve of the MIPIM property show in Cannes, EDG managing director Neil Edginton said the scheme aimed to set a new benchmark for private sale apartments in Coventry while also helping the city take the steps in its ambitious city centre development plans.

“We are genuinely excited about this scheme,” said Neil, whose company is behind developments such as The Cube and The School Yard in Birmingham. “We love the original architecture and want to draw that out and make it a feature of the overall development.

“We have successfully negotiated being able to use The Co-operative as the name of the development and retaining the lettering. We will be keeping the façade and making the most of the large glass panels.

“The overall project is around 140,000 sq ft and will include office, retail, leisure and residential and will be truly mixed-used.

“It will be something very different for Coventry and will take city centre living to a new level.

“The park will be a unique feature for the exclusive use of residents, which will give those people access to a tranquil green space in the heart of the bustling city. That, along with the private residents only members’ club, will help to set The Co-operative apart.

“We have submitted a planning application for The Co-operative and will be taking the proposed scheme to MIPIM with the Coventry and Warwickshire MIPIM Partnership. It’s our intention to move forward with the development as soon as possible as we truly believe the time is right for this kind of scheme in Coventry.

“When you look at what’s happening in and around that area of the city centre, I believe it will be a great place to live and enjoy – and we are really keen to be part of the city’s rejuvenation.”

The latest phase a of a multi-million pound upgrade one of the region’s best known mixed use developments is underway.

Fort Dunlop in Birmingham has been undergoing a major facelift since it was acquired by a fund managed by Tristan Capital Partners in partnership with EDG Property in 2014.  It has already seen the creation of a new atrium reception area with the addition of amenity for the offices, such as the new food and beverage offer, including Costa, Subway, Scoff and Duet.

The mixed use scheme, which is home to a number of major businesses including Capita and Trinity Mirror Midlands, has also seen a major upgrade to its car-parking as well as the introduction of a 24-hour gym that has resulted in a major boost in evening and weekend footfall.

The latest phase of the development programme will see the car parking provision enhanced further with the addition of a new dedicated car park for the Travelodge Hotel (that has undergone a major refurbishment to compliment the investment at Fort Dunlop).   This is expected to be followed by a new multi-storey deck car park for the offices.

The final phase of the programme will see the creation of a rooftop enclosed glass conference space overlooking the M6 and with views across Birmingham and EDG Property Director Neil Edginton believes this final piece of the jigsaw will help unlock Fort Dunlop’s full potential.

He said: “Fort Dunlop has thrived since it was brought back to life two decades ago and has built a reputation as a high quality office destination as well as home to a unique retail offer that distinguished it from other mixed use developments in the region.

“However, developments like Fort Dunlop must continue to evolve to ensure they meet the ever changing needs and expectations of tenants as well as being able to attract new investment, so adding value was very much at the top of the agenda when the site was acquired.

“In the time we’ve been involved, we have seen a number of major lease renewals as well as a raft of new tenants and a significant increase in footfall, so the improvements are already having positive results, but we still believe that Fort Dunlop has yet more to offer.

“The new planned rooftop development will be an important new addition to Fort Dunlop’s offer and create a fantastic facility for existing or new businesses.

Planning permission for the latest phases of works was granted and it is hoped the works will be completed in early 2018.

A new architect has been commissioned to take forward a landmark Coventry scheme following a successful design competition.

Warwick-based Corstorphine+Wright – the architects behind EDG Property’s successful New Street Chambers residential scheme in the heart of Birmingham – have now been commissioned to transform Coventry’s famous old Co-op building in the heart of the city.

EDG Property acquired the vacant building – which was a much loved department store for more than half a century before it was closed by the Co-op – along with the neighbouring Hawkins Building.

Prior to the building being locally listed, an initial feasibility study looking at potential options for the building was carried out by Ken Shuttleworth’s MAKE Architects before EDG Property held a design competition to find an architect to take the project through to planning with a view to converting the buildings into an exciting residential apartment led mixed use development with retail, café bars and restaurants at street level.

EDG Property managing director Neil Edginton said the scheme would offer something new for the centre of Coventry and compliment a raft of development currently taking place in the Midlands city.

He said: “Coventry is undoubtedly a city on the up with the success of Coventry University particularly driving a huge amount of student-led development in the city centre but also initiatives such as the £300m City Centre South project and the proposed new leisure centre are going to really get the city buzzing in the coming years.

“We looked at a range of potential uses for this fantastic post war building and felt that with its city centre location, there was undoubtedly a gap in the market for a high quality apartment development with a ground floor leisure offer, to capture the footfall between the city’s thriving Belgrade Theatre and its main shopping area.

“We are delighted to be working again with Corstorphine + Wright on this project and looking forward to seeing our vision for the building becoming reality in due course.”

A detailed planning application is set to be submitted to Coventry City Council next month.