Masshouse Developments submitted a revised masterplan for its £350m Eastside project in Birmingham on Friday. The jv, which comprises Royal Bank of Scotland, David McLean and Nikal Investments, has tweaked its masterplan to include a total of 750,000 sq ft of offices in three to four office blocks that will now be arranged around a central square. The 1.1m sq ft scheme also includes two residential phases. The first 173-flat phase has been completed, while work on 167 flats in a second building is due to start in April, with completion due by spring 2009. The resubmission follows market speculation that Masshouse is looking to forward-sell the first £100m phase of the scheme – a 155,000 sq ft speculatively built office block. GBR Property, GVA Grimley and Jones Lang LaSalle are advising Masshouse.
Masshouse Developments submitted a revised masterplan for its £350m Eastside project in Birmingham on Friday. The jv, which comprises Royal Bank of Scotland, David McLean and Nikal Investments, has tweaked its masterplan to include a total of 750,000 sq ft of offices in three to four office blocks that will now be arranged around a central square. The 1.1m sq ft scheme also includes two residential phases. The first 173-flat phase has been completed, while work on 167 flats in a second building is due to start in April, with completion due by spring 2009. The resubmission follows market speculation that Masshouse is looking to forward-sell the first £100m phase of the scheme – a 155,000 sq ft speculatively built office block. GBR Property, GVA Grimley and Jones Lang LaSalle are advising Masshouse.
