PGC CAPITAL WINS PLANNING PERMISSION FOR SECOND DEVELOPMENT IN BIRMINGHAM

PGC Capital has been successful in gaining approval for its application for planning permission for its second site in Birmingham. The property developer, which is headquartered in Shanghai and has offices in Birmingham and London, is proposing to build 517 residential apartments on a former car dealership site in Digbeth.

PGC intends to demolish the Renault site at 75-80 High Street and replace it with three residential blocks comprising of 263 one-bedroom, 252 two-bedroom and two three-bedroom apartments.

The plans also include ground floor commercial units, parking for 153 cars and secure bike space for all residents. The development will include two 10 storey blocks and one standing at 25 storeys which will be located at the intersection of High Street and Clyde Street in Digbeth.

It will be known as ‘Lunar Rise’, in recognition of the city’s historic Lunar Society, a group of 19th century polymaths who used to meet in Birmingham on the Monday nearest to the full moon.

Construction is expected to start mid-2018. Architects Corstorphine + Wright designed the scheme, with PGC Capital carrying out the role of development manager and client through the process.

Commenting on the latest development, Francis Cole, PGC Capital’s UK President, said: “This iconic development will be at the vanguard of Digbeth’s transformation and will establish a new 21st century look to the area. Birmingham City Council’s 25-year Masterplan is one of the largest urban regeneration schemes in Britain and the city is leading the way with the huge redevelopment plan off the back of HS2. Digbeth is one of the areas set to benefit most, with new landscaped pedestrian routes through to the city centre, major transport hubs and a surge in investment. Digbeth’s strong community of creative & digital businesses, independent shops and cultural activities have a central role to play in Birmingham’s future. PGC Capital is focused on developing close working partnerships with local government to create developments that satisfy the needs of all the shareholders involved. We are also pleased to announce ISG as the preferred partner for delivery of our flagship scheme in Birmingham”.

Wayne Flannery, ISG’s regional director, added: “This major regeneration scheme is expected to act as the catalyst for further redevelopment in this strategic location to the east side of central Birmingham, which is close to the planned HS2 hub. With such a busy and logistically challenging site, it’s essential that we maximise efficiencies in the build programme to minimise the impact of the development during the construction phase. To achieve operational efficiency, much of the structure for the three cluster buildings will utilise off-site manufactured components, which are simply lifted off delivery wagons and craned into position. This gives us the quality, safety, speed and overall efficiency to deliver this major scheme far more quickly than traditional construction methods”.

For further information, please contact:

Rebecca Nelson

PGC Capital

+44 20 7397 3735 / +44 7748 112371

rebecca.nelson@pgc-fund.co.uk