Sustainable developer to create nearly 1,000 homes

LCR Property, the government’s placemaking expert has brought a site for a residential scheme of nearly 1,000 new homes.The commercial developer and sustainable regeneration company has a pre-application engagement with Birmingham City Council for the residential development plans.An existing 240,000 sq ft building lies on four acres and detailed planning consent has also been given for two new office buildings designed by Fletcher Priest Architects, namely One and Four Axis Square which comprise 210,000 sq ft (NIA) and 200,000 sq ft (NIA) respectively.LCR has secured the rights to the vacant possession of the building so it can begin demolition works in April.The council’s ‘Our Future City Plan’ outlines the vision for Birmingham up to 2040, with an aim to drive investment into homes, infrastructure and commercial space.Last year LCR launched a strategy where it will create development and regeneration opportunities in conjunction with developers, housing authorities, government agencies and transport authorities.Wholly owned by the UK Government, LCR has delivered major transport-linked regeneration schemes, including the multi-billion-pound redevelopments of King’s Cross and Stratford City.Savills has been appointed to market the freehold interest on an unconditional basis and advise on the land disposal process.