Ardstone Capital’s planned multi-million pound refurbishment of Phoenix House is striding ahead with the appointment of Wates Construction to create the new speculative office scheme on Newhall Street.
Set against a back drop of increased demand for prime office space in Birmingham, Wates’ appointment will see the contractor deliver a package of works valued at £8.4 million.
The new development has been designed by architects, AHR, and will comprise 50,000 sq ft. of Grade A office space across nine floors.
Building work is now underway, with project completion scheduled for November this year.
The project will include the improvement of the building’s existing floor plates as well as a new extension at the front and rear of the development to create increased office space.
Work will also comprise removal of the external façade, which will be replaced with full height glazing, and the creation of a new reception area and modernised entrance on Newhall Street, in the heart of the Colmore Business District.
Richard Scarrott, Business Unit Director at Wates Construction, Midlands said: After experiencing significant growth over recent years, Birmingham is seeing increased investment in new commercial developments, with the city’s market heading towards a record 1m square feet of activity in the past year.
“We are extremely proud to be playing a central role in catering for the city’s thriving business landscape and look forward to pushing ahead with the project this year.”