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PRIVACY
Commercial Property

Wates wins £31m deal to develop 31-storey tower

Construction group will continue its work at Broad Street apartment complex

A look through the new apartment projects in Birmingham

Construction group Wates has signed a £31.6 million deal to develop the second phase of a major residential project in Birmingham.

The group is leading the construction of a 31-storey tower at The Bank, on the corner of Oozells Way and Broad Street.

Construction is well under way on the first phase which will contain 189 apartments and reach 22 storeys.

it is due to start welcoming tenants next July.

Work has started on the second phase which will have 205 apartments and is due to finish in autumn 2019.

Warwickshire-based Regal Property Group is the developer of The Bank.

CGI of two towers which will make up The Bank

John Carlin, business unit director for Wates Construction in the Midlands, said: "Collaborating with Regal on The Bank and creating a striking new addition to Birmingham's skyline has been a fantastic experience for our team.

"We are therefore honoured that our relationship is continuing with the second building at The Bank.