HBD has acquired Cornwall House, a five-storey office building in Birmingham city centre’s Jewellery Quarter.
Purchased for an undisclosed sum, HBD will bring forward plans for a wholesale redevelopment of the site.
Sitting within the historic Jewellery Quarter, the building occupies a prominent position in the city centre’s most desirable residential location, close to the city’s main railway stations as well as Birmingham’s primary retail and leisure amenities.
Simon Raiye, Senior Development Surveyor at HBD, said: “Cornwall House is located within one of Birmingham city centre’s most sought after residential locations, and offers huge potential for high-quality, attractive apartments.
“This is a great opportunity to give the site a new lease of life, making the most of its superb location in the Jewellery Quarter and as a gateway to St Pauls Square.”
HBD is bringing forward several large-scale residential developments throughout the UK, including its landmark £250m Kampus scheme in Manchester and the former Terry’s Chocolate Works in York. The acquisition of Cornwall House represents the developers’ first residential scheme in Birmingham’s city core.
Alexandra Fitzpatrick, surveyor at Knight Frank, commented: “This prominent site is located along a key route that links the Jewellery Quarter to the Central Business District. Following comprehensive redevelopment, we expect it will be very well-received by the market.”