Construction completed on Birmingham’s tallest new residential building

The 22 storey building has been funded by real estate investment firm Aprirose, and is the company’s first large scale residential scheme. Developed by Regal Property Group, and built by Wates Construction, The Bank stands at nearly 230ft high. The development is located off Sheepcote Street, between Brindleyplace and Broad Street, and is set to become a key landmark in Birmingham.

With the concrete structure complete, the internal fit out is now underway with the apartments on the first floor just days away from completion.

The first occupations of the building’s 189 studio, one and two bedroom apartments are set to be in July 2018.

Mark Holbeche from Regal, the developer behind The Bank, said: “With the roof now in place, we are one step closer to welcoming new homeowners to The Bank. Later this month, we’ll be opening the doors to our first show apartments at the development, allowing people to have a look around these quality new homes.

“There are currently very few new build developments in the city centre, with the majority of apartment schemes now tending to be office conversions. As such, we’re expecting demand to be high, especially with global businesses such as HSBC opening new offices just a short walk away.

“Standing at nearly 70 metres high, The Bank is set to be an iconic place for people to call home.”

The topping out of the building was marked with a special ceremony attended by Councillor John Clancy, shortly before his resignation at Birmingham Council leader, as well as representatives from Aprirose, Wates Construction and architects, Glancy Nicholls Associates.

Manish Gudka, chief executive of Aprirose, said: “The topping out of The Bank, our first venture into large scale residential development, represents an important moment in the growth of our diverse portfolio and extension into this sector. With a shortage of quality housing and with HS2 on the horizon, developments such as The Bank not only represent a strong investment case, but are very important to the city centre, as it experiences a period of regeneration. We look forward to seeing the development progress both with the completion of this development and its subsequent sister building."

John Carlin, business unit director of Wates Construction Midlands, the company responsible for building The Bank, added: “A topping out ceremony is always a significant milestone, but especially when it concerns a flagship project such as The Bank. When complete, this development will serve as a standard bearer for apartment schemes across the city and act as a symbol of the bright future that HS2 and international businesses relocating here will offer Birmingham.”

In addition to the apartments, The Bank will feature a high-quality public realm and ground floor retail units, likely to become a restaurant and café for residents to enjoy.

Whilst boasting a contemporary appearance, with a brass clad exterior, The Bank also encompasses a revitalised Grade II listed bank; uniting the area’s heritage with its future.

Moving forward, construction is also underway on the second building at the development which will overtake the first as the tallest residential building in Birmingham city centre, with 31 storeys. This building will be home to a further 205 apartments, as well as additional ground floor retail space.

Following much interest, the first apartments have now been released for sale, with prices for a one bedroom studio apartment starting from £145,000, £181,000 for a one bedroom property and £243,250 for a two bedroom home.