Birmingham City Council is set to use its compulsory purchase powers to unlock a major development site at Axis Square.
Plans by London and Continental Railways (LCR) for Axis Square were granted planning permission last year, and will create 1m sq ft of new Grade A office accommodation, including the redevelopment of The Axis building on Holliday Street, and a new public square.
The council’s cabinet has approved the CPO starting the process to take possession of the site. It currently incorporates a 1970s office block and Birmingham City Council will use the CPO process to acquire third party interests in the land and enable development to start on site in a year’s time.
LCR development manager, Nick Clough, said: “The council’s resolution to grant the use of a CPO is a fundamental step forward in delivering this important development for the city. Axis Square will cater to the increasing employment needs of the region, both for government and the private sector, with office space for 10,000 people, and contribute around £300m to the local economy.
“The development has been designed with sustainability and health at its heart and we are keen for the benefits of this to be felt by the wider public through the inclusion of new public spaces and an enhanced retail offer. We look forward to getting our highly anticipated plans off the ground so that this city centre site can finally reach its potential in contributing to the city of Birmingham .”
The development, created by the team who worked on the Channel Tunnel, will create a city centre destination with four modern office buildings with cafes, restaurant and retail opportunities at ground floor, formed around public open space featuring over 100 new trees.