New Street plans move forward with Warner Sale

The Wall Street Journal has reported that Warner Estate Hldgs. Sells Pallasades To Council For GBP91M with news that Warner Estate Holdings, the lease-holders of the Pallasades Shopping Centre in Birmingham have sold the centre to Birmingham City Council for £91 million.

Agora Max Limited, a 50/50 joint venture with Halifax Bank of Scotland is exchanging contracts with the council with completion due on March 31st.

The news follows the tender that I noted, Deconstructing starts Birmingham New Street redevelopment , for the deconstruction of part of the multi-storey car park and should mean real progress can be made in realising the ambitious redevelopment plans for Birmingham New Street Station, New Start for New Street, with the obstacle of Warner's opposition removed.


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