Hines & Ballymore join forces to develop Two Snowhill

Birmingham office scheme will be funded by Hines’ European Development Fund II

Article posted: 28 Apr 2011

Hines and Ballymore Group announced today an agreement to jointly develop Two Snowhill, a 14-story scheme comprising 305,000 sq ft of office space in Birmingham. Hines’ European Development Fund II acquired the site and will fund the project.   

Designed by Sidell Gibson, the distinctive building is designed to be the ‘big sister’ to the adjacent One Snowhill office building, which is mainly occupied by KPMG and Barclays. Two Snowhill will contain 305,000 sq ft of office and 9,000 sq ft of retail space. The law firm of Wragge & Co. has preleased 185,000 square feet of the office space.

Balfour Beatty has been hired as general contractor, and construction will start in May. Project completion is expected in early 2013. Two Snowhill is targeting a BREEAM Excellent rating for sustainability.

Hines UK Director Anthony Leonard said, “We are looking forward to working with Ballymore as joint developers to complete Two Snowhill. We are optimistic about additional leasing prospects, as Two Snowhill will be of the highest quality and will be the first new office building to be delivered in central Birmingham for more than three years.”

The new development is Hines’ third project currently under construction in the UK and reinforces the firm’s commitment to quality development opportunities. It follows the beginning of construction earlier this year of offices in London’s Midtown at 280 High Holborn, and Cannon Place in the City, which will be finished this autumn.

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Posted by Jo