The Building Safety Regulator has granted Building Safety Act Gateway 2 approval to the 581-home Edition Birmingham development in the heart of Birmingham.
In October, developer Sphere Group and strategic partner Select Property, revealed that all 149 apartments in Edition’s first tower, Park Residence, have sold out, with the development generating more than £108m in revenue to date.
The Park Residence tower is expected to be completed by 2027 with the adjoining, 150m-tall Centenary Tower, following in 2028.
Thomas Taylor, managing director of Sphere Group, said: “The new Building Safety Act Gateway 2 introduces some of the most stringent safety requirements in the world, making the UK a market leader and one of the safest places to invest. Securing Gateway 2 approval is a major milestone and underlines our commitment to ensuring that Edition Birmingham is built to the very highest standards of safety and quality.
“The global demand for investment into Birmingham demonstrates that it’s a city of unmatched potential and opportunity. We can now look forward to starting work on Edition Birmingham in the coming weeks, bringing this world-class development to the city.”
Adam Price, CEO of Select Property, added: “Birmingham has so much going for it, from a young and growing population to major investment in the city centre and high-growth businesses. That’s reflected in a strong property market. It’s a city on the rise and Edition sits at the heart of it. We’re really pleased with the appetite to own the property assets within Edition, with all apartments in Park Residence sold out and strong demand for properties in the adjoining Centenary Tower. Investors and owner-occupiers alike are keen to own a part of the most prestigious residential development in Birmingham city centre.”
Midgard, part of JRL Group, is lead contractor at Edition Birmingham, the design team comprises Weedon Architects and Skidmore, Owings & Merrill (SOM) and the development has secured financial backing from Eldridge Real Estate Credit.