Chatham Billingham has appointed CBRE to find a purchaser or joint venture funding partner for a development opportunity at its Post & Mail site in the Birmingham city centre office location – the Colmore Business District.
Alan Chatham and Mark Billingham of the eponymously titled firm has put the site on the market after submitting a planning application for the 14-storey second phase of the scheme.
This latter phase will include up to 700,000 sq ft of mixed-use space comprising 234,000 sq ft of offices, 17,000 sq ft of retail and 115 flats. It will sit on top of the first phase, an underground car park on Weaman Street comprising 752 parking spaces and 31,600 sq ft of offices and shops – due to complete later this year.
The second phase opportunity could either include a straight sale and completion of development, or teaming up with the duo in a joint venture partnership to bring the second phase to completion.
