Henderson Proposes Birmingham Redevelopment
Henderson Global Investors has submitted a planning application to redevelop 1 Hagley Road, a 19-storey, 13,000-square-metre office tower in Birmingham. Henderson has proposed transforming the site into a modern apartment block of up to 182 units, including four penthouse floors at the top. In addition, Henderson has proposed redeveloping the property’s extensive car parking area into a new building of up to 14 storeys, which could provide hotel or student accommodation space.
Martin Payne, fund manager at Henderson Global Investors, comments: “Although No 1 Hagley Road continues to provide economical office accommodation for current and potential tenants through a flexible leasing structure, we are aware of the changing needs of the business community and the local area. We want to ensure that the building will continue to be utilised to its best potential for many ye