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Five Ways

Henderson Property receives planning consent for No.1 Hagley Road, Birmingham

Henderson Global Investors’ c. £12.3 billion Property Business has secured planning consent to redevelop its asset at 1 Hagley Road, Five Ways, Birmingham.

Henderson Global Investors’ c. £12.3 billion Property Business has secured planning consent to redevelop its asset at 1 Hagley Road, Five Ways, Birmingham.

Henderson has received planning consent to transform the 20 storey, landmark city centre office block into a bright and modern apartment block, providing up to 182 well proportioned city centre homes, many with spectacular views over the city. It will be remodelled and extended by 4 floors. To complement the residential use of the 140,000 sq ft tower, it is proposed that the lowest two floors could be used for a gym, restaurant, café or bar.

Outline consent has also been given for the development of the adjacent extensive car parking area, with a new hotel or student accommodation building of up to 12,500 sq m floorspace, with options for street level retail or restaurant. The outline approval parameters allow scope for this building to be designed to meet specific needs of future development partners/ operators at a later date.

This site in the West of the City Centre is well placed for residential, hotel and student housing uses, given its proximity to Broad Street and its public transport links to the Universities. The development of the prominent landmark site will be one of the most significant of a number of redevelopment projects underway or planned around Five Ways that will combine to achieve significant regeneration.

Henderson will provide 13 affordable homes and financial contributions toward public park improvement, street enhancement and better public transport in the site vicinity.

The outline scheme was designed by local architects, Associated Architects, with GW Planning acting for Henderson in negotiating the planning consent.

Martin Payne, Fund Manager at Henderson Global Investors, said: “We are delighted to have received consent for this scheme, having worked closely with the Council and our advisors to ensure the consent allows a viable development of the site whilst providing for improvements to local amenities and providing for affordable housing.

“The proposals will not only give a viable long term use to the building, but also generate the ability to greatly enhance the external appearance of this major landmark which sits in one of the key gateways to the city centre.”

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