LaSalle Investment Management has submitted a planning application for a £13m office renovation at 102 New Street in Birmingham.
The Associated Architects design for the 10-storey building includes a new front entrance on Stephenson Street in response to the upgrading of New Street station and the Midland Metro extension.
The 112,000 sq ft renovation project would see the Stephenson Street elevation stripped back to its skeleton and reclad to provide a more contemporary appearance with grey terracotta vertical panels framing new storey-height windows.
The building’s interior would also be remodelled into “dynamic” meeting spaces overlooking the pedestrianised New Street below.
LaSalle said the refurbishment would make it the closest new Grade A space in the city to the station.
The 102 New Street scheme is owned by HSBC Bank Pension Trust and has a gross development value of £45m.
LaSalle is investment manager for the scheme, where Boots, Superdrug and Bella Italia are retail tenants at street level.
Evenacre has been selected as development manager for the proposed works. CBRE and JLL have been appointed as joint agents on the scheme.
To send feedback, e-mail Louisa.Clarence-Smith@estatesgazette.com or tweet @LouisaClarence or@estatesgazette
