Newhall Square, Birmingham

Newhall Square is a residential-led mixed-use development that forms part of Birmingham’s ‘Big City Plan’. The first phase provides a 194-bed apart-hotel and office accommodation, with the second phase split across three plots to develop 219 apartments, 6 townhouses and three retail lots.

Key details

Project name

Newhall Square

 

Client

Legal & General

Location

Birmingham

 

Services provided

- Technical due diligence

- Development monitoring

- Independent certifier

Challenge

For the initial Due Diligence report, we started the process by reviewing all information received by the Developer and producing an Information Required Schedule, which scheduled all the key information our Client would need. At this early stage, we lacked sufficient information, however producing a comprehensive report was key for our client to obtain the necessary funder agreements.

The second phase, split across three plots, included 79 apartments with ground level car parking, along with the conversion of a listed building into a residents' clubhouse. Further plots encompassed the development of 136 apartments, three retail/commercial spaces and six townhouses, as well as extensive re-leveling and landscaping to form part of the new square. 

Newhall Square, Birmingham.jpg

Solution

In order to help our client secure funding, we arranged a meeting with the prospective funders to understand their minimal requirements and agreed with the developer how this information could be received along with any alternative assurances they could provide. This led to our recommendation of an extension to the unconditional requirements to include items such as a satisfactory Ground Investigation verification report and execution of appointments with third parties.

 

Project statistics

194
bed apart-hotel
219
residential apartments
6
townhouses
3
retail lots

Project timeline

  • September 2017

    Date of Planning Consent (subject to conditions)

  • November 2017

    Development Agreement Unconditional                           

  • December 2017

    Start on site                           

  • September 2019

    Sectional Completion Plot 1   

  • April 2020

    Sectional Completion Plot 2   

1 /05
September 2017

Date of Planning Consent (subject to conditions)

November 2017

Development Agreement Unconditional                           

December 2017

Start on site                           

September 2019

Sectional Completion Plot 1   

April 2020

Sectional Completion Plot 2   

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