Mixed-use pro­pos­als for Jew­ellery Quar­ter block

Birmingham Post - - BUSINESS - Tam­lyn Jones Busi­ness Correspondent

ACOMPLEX of run-down build­ings in Birm­ing­ham’s Jew­ellery Quar­ter is set to be con­verted into a mixed-use de­vel­op­ment in­clud­ing new restau­rants and apart­ments.

Lon­don De­vel­op­ment Group has bought the se­ries of connected build­ings on the cor­ner of Caro­line Street and Re­gent Place for an undis­closed sum, mark­ing the firm’s first in­vest­ment in Birm­ing­ham.

The site has six build­ings, two of which are grade II-listed with parts dat­ing back as far as the 1830s, but it has suf­fered from ne­glect in re­cent years and sec­tions have now be­come derelict.

Cur­rent ten­ants in­clude a taxi rank, café and in­de­pen­dent bar Rock & Roll Brew­house but it is not known at this stage what will hap­pen to them go­ing for­ward.

Lon­don De­vel­op­ment Group said its pro­pos­als for the site were still in the early stages of de­vel­op­ment but it an­tic­i­pated they would in­clude space for high-end restau­rants, of­fices and new homes.

As part of its plans, it in­tends to open up pre­vi­ously unused el­e­ments and ex­pand the gross in­ter­nal area to around 40,000 sq ft.

A state­ment from the firm said: “The build­ings are in var­i­ous states of dis­re­pair and ne­glect, with­out in­vest­ment they will likely slip fur­ther into de­cay.

“This is one of seven his­toric Jew­ellery Quar­ter sites which Birm­ing­ham City Coun­cil and His­toric Eng­land have iden­ti­fied as in need of restora­tion.

“Lon­don De­vel­op­ment Group will work with Birm­ing­ham City Coun­cil and His­toric Eng­land to en­sure the de­vel­op­ment en­hances the his­toric street scape.”

Chief ex­ec­u­tive Daniel Obertelli added: “We made the de­ci­sion last Jan­uary to ex­pand our ac­qui­si­tion re­mit to in­clude Birm­ing­ham.

“This ac­qui­si­tion rep­re­sents our con­fi­dence in Birm­ing­ham’s econ­omy dur­ing a pe­riod of un­prece­dented growth for the city.

“This de­vel­op­ment will in­volve sen­si­tive restora­tion and care­ful at­ten­tion to de­tail in or­der to main­tain the char­ac­ter of this his­toric Jew­ellery Quar­ter site.

“We are look­ing for­ward to work­ing with Birm­ing­ham City Coun­cil, His­toric Eng­land as well as our neigh­bours and lo­cal com­mu­nity groups to de­velop pro­pos­als which will en­rich the area.”

The build­ings were bought by Ray­bone De­vel­op­ments from a pri­vate in­vestor a year ago for more than £2 mil­lion.

> The com­plex of build­ings at the cor­ner of Caro­line Street and Re­gent Place

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