Realis Completes Carrs Lane Developement

6th January, 2012 • , , , ,

The opening of a new 4,000 sq ft Tesco Express store in Birmingham city centre, marks the completion of Realis Estates’ £7m mixed-use Carrs Lane redevelopment. The 37,759 sq ft scheme also comprises a 88-bed Travelodge hotel, which opened last month (December 2011).

Designed by the Harris Partnership architects, Carrs Lane is close to Birmingham’s Moor Street and New Street rail stations as well as the Bullring. The development will serve local residents and workers, as well as visitors staying in the many hotels in the area. The 37,759 sq ft development will provide commuters, shoppers and residents alike, with the hotel providing more budget rooms within the city centre.

The Carrs Lane site previously housed office and retail building, which was demolished in the late 1980s and used as a staff car park for the nearby Marks & Spencer until late 2009.

Commenting on the project, Realis Estates Managing Director Duncan Mathieson said: “This site has been underutilised for years, but with its great location right in the heart of Birmingham, it was an ideal opportunity. Having produced the right development strategy for the site and were quickly able to pre-let the scheme to two top operators – each UK market leaders in their respective sectors – and create a strong investment and an attractive building that adds to the Birmingham cityscape. I am delighted with the result.”

Andy Silverwood, director of Wright Silverwood, which acted for Tesco and Travelodge, commented: “This is the third Travelodge to open in the city centre in the last two years in response to the demand for budget accommodation in the city. The co-location with Tesco is one of the number of collaborations with compatible end users we are achieving in the region.”

Construction of the scheme began in June 2010, after Drivers Jonas Deloitte LLP secured planning permission from Birmingham City Council. As part of the development, Realis invested in a detailed archaeological investigation, which uncovered Post-Medieval remains which were fully recorded by the Council conservation team.

John Davies of JD Retail advised Realis Estates.

For more information, please contact:

William Haigh/Linda Welch
HALOGEN
T: 020 7087 3270
E: [email protected]