A property consultancy has been appointed to work on the £1.2 billion Paradise project in Birmingham.

Newmark has been hired as joint letting agency by the project's developers and investors Federated Hermes and MEPC.

Led by head of national offices Charlie Toogood, the Newmark team will work jointly with property consultancy CBRE.

Paradise is an office-led scheme in Chamberlain Square which has already welcomed three new buildings with a fourth office building and the Octagon apartment block due to open soon.

Sign up for your free West Midlands newsletter and follow us on LinkedIn

Email newsletters

BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire.

Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates.

We will also send out 'Breaking News' emails for any stories which must be seen right away.

LinkedIn

For all the latest stories, views and polls, follow our

Tenants include law firms Knights and DLA Piper, accountancy groups PwC and Forvis Mazars and dining out venues such as Dishoom, Yorks and Albert's Schloss.

Mr Toogood said: "This is a hugely significant milestone instruction for our team.

"Paradise is an exemplar of today's modern workplace environment, attracting the very highest calibre of occupiers to the most sustainable contemporary workspace and delivering a comprehensive and compelling occupier experience to the growing business community.

"We are very proud to be working with Federated Hermes and MEPC on this once-in-a-generation scheme transforming the heart of Birmingham."

MEPC's commercial development director Ross Fittall added: "Working with Charlie and the Newmark team, together with CBRE, gives us the very best collaborative advice and expertise to help us maximise the potential of the estate and build on the momentum to date."

Newmark, which is listed on NASDAQ in the US, has an existing appointment on the hotel development plot at Paradise next to Birmingham Town Hall which won planning consent in 2022.