New Monaco in Birmingham to go ahead

MCR Property Group has received planning permission for its 1,009-home scheme on the site of Birmingham’s Monaco House complex.  Named New Monaco, the £275m scheme on the seven-acre site on Bristol Street will include 11 apartment blocks and two towers of 26 and 29 storeys.  Ninety-two of the apartments will be for affordable rent.  Chris Taylor, fund manager at MCR Property Group, said: “Investment in Birmingham’s Southside area has become vital to improving the levels of high-quality housing stock in the city.  “Receiving the go-ahead for our New Monaco development means we can provide much-needed homes to Birmingham residents while carving an exciting new identity for the neglected Monaco House site.” Architects Leach Rhodes Walker and Pegasus Group are advising.  To send feedback, e-mail alex.peace@egi.co.uk or tweet @egalexpeace or @estatesgazette