Birmingham’s College of Law has dropped plans to take a 4,645 sq m (50,000 sq ft) prelet at Argent’s Brindleyplace after the college failed to secure funding.
The college was set to pay around £8m for a 125-year lease on a purpose-built office block in the second phase of Argent’s mixed-use development. But the Government has refused to support the college’s bid for £4m of European funding and so the project will not go ahead.
Last year Argent announced plans to develop the rest of Brindleyplace and prior to Christmas submitted a detailed planning application for a 6,038 sq m (65,000 sq ft) mixed-use building – aside from the proposed College of Law development – intended tokick-start the second phase of the scheme.
King Sturge & Co acted for the college. Grimley and Richard Ellis are letting the offices at Argent’s scheme.
EGi News 28/01/98
