A major new mixed-use regeneration scheme in Birmingham city centre has moved a step nearer.
The £360 million Curzon Wharf project, tabled for canalside land in Mill Street next to Dartmouth Circus island, received consent last April and will contain apartments, student accommodation and other uses.
A Section 106 agreement has now been agreed between its developer Woodbourne Group and Birmingham City Council, taking the project another step closer to seeing spades go into the ground.
Among its terms are a promise to provide five per cent affordable housing as part of the project.
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Curzon Wharf will be led by a 53-storey, build-to-rent tower containing 498 apartments which, at 564 feet, would be the city's tallest.
Other planned accommodation includes a 41-storey student accommodation tower with 732 bedrooms, 14-storey 122-unit residential block and nearly 130,000 sq ft of office, R&D and life sciences space.
There are also plans for more than 3,000 sq ft of retail units, 15,000 sq ft of leisure space and 76,400 sq ft of public realm alongside walking and cycling routes.
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The application site is currently occupied by industrial units constructed in the 1960s which would be demolished.
Woodbourne Group estimates the estate could generate around 1,400 new jobs and boost Birmingham's economy by at least £151 million.
Chief executive Tani Dulay said: "This has taken years of unwavering determination. Reaching this milestone has been a testament to the relentless work ethic by our team and partners.
"The signing of the Section 106 agreement signifies that Curzon Wharf is now a significant stride closer to shaping the future of Birmingham Knowledge Quarter and the city."
In a separate announcement, Woodbourne Group has added to its senior management team as it targets expansion in the life sciences sector.
Tes Adamou is the firm's new head of life sciences, Ian Lynch is construction director.and David Lupson has joined as a non-executive director.
The appointments come as the company gears up to start work next year on a new biocentre at the Curzon Wharf scheme.
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Mr Adamou has significant experience in project and programme management in the construction and property sectors, having led projects for life sciences and education.
He is also the chief executive of EEDN, a design and project management consultancy catering to the built environment.
Mr Lynch is a former development project manager at Lendlease where he worked on the Smithfield masterplan in Birmingham.
In his new role, he will focus on delivering Curzon Wharf.
David Lupson is a practitioner in the development and operation of life science laboratories, counting Cambridge Science Park and Newcastle Biosphere among his previous projects.