Argent’s Birmingham Paradise development team joins MEPC
An eight-strong team working on the £700m Paradise scheme in Birmingham is joining Federated Hermes subsidiary MEPC from developer Argent Related.
Robert Evans, joint managing partner at Argent, said the move is “timed” with its strategy to focus on its three developments in London – at King’s Cross, Brent Cross and Tottenham Hale – as well as projects “where Argent Related is the developer-owner-operator”.
The team formally joined MEPC today (1 July). It will continue to be led by Rob Groves based in Birmingham, who has become regional development director at MEPC.
An eight-strong team working on the £700m Paradise scheme in Birmingham is joining Federated Hermes subsidiary MEPC from developer Argent Related.
Robert Evans, joint managing partner at Argent, said the move is “timed” with its strategy to focus on its three developments in London – at King’s Cross, Brent Cross and Tottenham Hale – as well as projects “where Argent Related is the developer-owner-operator”.
The team formally joined MEPC today (1 July). It will continue to be led by Rob Groves based in Birmingham, who has become regional development director at MEPC.
The move follows completion of One and Two Chamberlain Square, which was the first phase of the project. Its tenants include PwC and dining operators Dishoom, Rosa’s and Vinoteca.
Evans said: “Argent and Federated Hermes have worked successfully together for more than two decades and we have a long history of delivering great projects in Birmingham. We know that the team will continue to flourish and wish them every success as part of MEPC.”
Chris Taylor, chairman of MEPC and chief executive of real estate at Federated Hermes, said: “Rob and his team bring a raft of experience to MEPC and Federated Hermes as we look to further develop our regional regeneration projects across the UK.”
Groves said: “Our focus will remain the same, to deliver the next phases of this landmark development for the city of Birmingham in the coming years.”
Up to 10 new flagship buildings will be delivered at the scheme, across 17 acres. It will include offices, shops, bars, cafés, restaurants, a high-quality hotel and a 49-storey residential tower.
The redevelopment is being brought forward through Paradise Circus Limited Partnership, a private-public joint venture with Birmingham City Council.
Private sector funding is being managed by the international business of Federated Hermes, which has partnered with the Canada Pension Plan Investment Board on the first phase of the development.
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