Author Archives: Kate

EDG Property is working alongside London headquartered Tristan Capital Partners to asset manage and develop Fort Dunlop, following the building acquisition from Urban Splash in August 2014. This latest deal marks £390m of assets under management and/or development for EDG Property.

Originally built in 1920 and standing empty for 22 years prior to redevelopment in the 2000’s, Fort Dunlop is already an award winning Birmingham landmark, primarily Grade A office-led. There are now exciting plans to further enhance the asset and create a sustainable mixed-use destination.

EDG Property and Tristan Capital Partners are working to improve the surrounding realm, enhance common parts and inject new life into the leisure aspect of the scheme. Already a successful office development, work will now begin in order to provide complimentary offers to support the office occupiers. Watch this space for exciting plans at Fort Dunlop.

For all enquiries please contact EDG Property on 0121 654 9494.

The clock tower building in Harborne has been sold in an undisclosed deal after being redeveloped in the depths of the recession.

City firm EDG Property has sold the first phase of The School Yard development to asset management company Avignon Capital.

The scheme at the Grade II-listed Victorian former school, famous for its clock tower, is now fully let but EDG Property director Neil Edginton said it had been a major turnaround from when he first unveiled the scheme in a depressed property market in 2012.

He said: “It has been a really interesting project, and it has worked out as a successful development, but if you cast your mind back everyone told me I had lost my marbles when it started. We were in the deepest recession in memory and on top of that it was already a difficult building to redevelop. But it’s fully let now and there is a new public square and we are investing another £3 million in residential in the second phase.”

Work is taking place on the £2.7million second phase, made up of 12 residential apartments, after plans were drawn up by architect Bryant Priest Newman Architects.

The first phase has been let to Prezzo, Boston Tea Party, Harborne Food School and Urban Coffee Company. However, it has been tough at times with a previous incarnation of a food school and Metro Bar among those which came close to taking space.

The building was constructed in 1891 and was most recently used as an adult learning and community centre before it was sold by Birmingham City Council.

Neil added “Everyone I speak to in Harborne is delighted with The School Yard. The new residential building is a brave piece of architecture, so it might be something that some people are going to love and some aren’t. In terms of the first phase it has gone down very well.”

Eversheds represented EDG Property while Avignon was advised by Gateley and agent MK2 Real Estate.

Gateley senior associate James Madill said: “The seller plans to develop a residential scheme next to the commercial units which meant that there were certain complex issues that needed to be addressed.  We needed to ensure that there was adequate flexibility in the commercial scheme to protect investment value and maintain scope for future site enhancement.

“With historical and architectural significance to the city, the purchase ensures that the reconfigured property will benefit the local area for years to come.”

(Many thanks to Graeme Brown, Birmingham Post for words)

 

It’s been an exciting week at The School Yard with work commencing on EDG Property’s residential building with Spectus Construction having been awarded the £2.1m build contract for phase 2 of the Harborne scheme.

The Worcestershire based Spectus Construction is all set to deliver the final part of this successful mixed-use development with a contemporary zinc building home to thirteen boutique apartments, duplexes and townhouse. It will be the first of its kind locally and shall sit alongside the oasis of the new £1/4m private square and period charm of the clock tower buildings.

Andy Griffiths of Spectus Construction said, “We are delighted to have been awarded the building contract at The School Yard.  We specialise in building boutique schemes and we look forward to bringing our skill-set to Harborne.  We have already met the immediate neighbours and have presented to the Harborne Business Association.  Next step is to set up the site compound and start the ground works, both of which have started this week.”

Build completion is scheduled for Autumn next year and around two-thirds of the homes at The School Yard are already sold off-plan.

Developer Neil Edginton of EDG Property said, “With the fit out of Harborne Food School now underway and our partners Prezzo, Boston Tea Party and Urban Coffee Company all open for business, the interest in The School Yard continues to grow. We now turn to Spectus Construction to deliver our vision for the residential and look forward to watching the new building take shape.”

For all reservation enquiries, please contact selling agent Centrick on 0121 347 6116 or email andy.butts@centrickproperty.co.uk.

EDG Property’s Neil Edginton is delighted to announce the latest office letting at The Cube to Divitie Capital. Birmingham’s 25-storey landmark will be Headquarters for the leisure based fund, offering a stunning business address in the very heart of the city.

The letting kick-starts the latest of lettings at The Cube after a new office floor on Level 8 has been created to cater for the growing demand.  Since launching the ‘Elevate to Level 8’ offering at The Cube, the majority of the floor is either now let or in solicitors hands.  Only one small office unit remains within this mix.

John Griffiths of GBRPB said “The Cube is the ideal place for businesses to base themselves being conveniently located near the Business District and just a 5 minute walk from New Street Station.  Clients continue to be impressed by the stunning architecture and the fantastic facilities on offer within the building.”

This world class building not only offers prime office space but benefits from a state-of-the art health and fitness club, a boutique hotel, skyline champagne bar, luxury residential, a mix of stylish restaurants and the UK’s largest automated car park. Office suites can be tailored to suit individual business needs.

Neil Edginton said “’The Cube is now almost fully let and has cemented itself as the place to be seen; whether you are a business looking for a stylish HQ or a place for corporate entertaining.”

For all office enquiries please contact Neil and the team at The Cube Management Suite on 0121 654 9400.

“To produce a pastiche of the original buildings would have diminished the originals and diluted their brilliance.

To differentiate between those building elements which contain the living accommodation and those parts which make up the circulation spaces, we have lifted the homes off the ground so that they float as two matt black boxes over the ground floor, which is clad in contrasting red-brown coloured timber. The boxes have then been pulled apart to create an open walkway.

Windows in walls generally appear black or dark grey when viewed during the day. This can help add interest to an elevation, can produce rhythms and movement, but it can also weaken a strong form. In this case we wanted the windows to be as invisible as possible within the overall composition and to blend in with the walls which surround them, so we selected the black zinc as the ideal cladding material. The projecting windows and the cut-out terrace are macro-interventions into the black zinc skin which add further visual interest without eroding the purity of the primary forms. The joints in the zinc material are in a semi-random pattern so that the black floating boxes are given a texture, a relief which helps break down the scale to a smaller module.

The timber by contrast has been used in the parts of the building envelope that will come into contact with the body. An inherently tactile material, the wood makes a fantastic contrast with the more precise, machine-like qualities of the zinc.

The route from the main entrance into the open walkways is filled with visual interest. A combination of light, glimpsed views and beautiful materials will make these spaces a joy to use.”

Prior to the final sales release of apartments at The School Yard, all interested parties are urged to contact selling agent Centrick Property on 0121 347 6116 or email andy.butts@centrickproperty.co.uk to register interest.