拢110m Octagon tower part of city鈥檚 Paradise development
JRL-owned Midgard has completed work on the Octagon residential building in Birmingham making it the city鈥檚 tallest tower.
Designed by local practice Howells, the 49-storey block, which has acquired its name because of its shape, runs up to 155m and features 370 new homes with the first residents now beginning to move in.
The 拢110m scheme is part of the 拢1.2bn Paradise development in the city. Features include a resident鈥檚 lounge, a private dining area, co-working spaces and a fully equipped gym, together with concierge services and a retail unit.
The build-to-rent scheme features a mix of one, two and three bed homes with rents ranging from 拢1,400 a month to 拢4,925 per month.
The tower has been backed by Singaporean firm City Developments Limited and developed by MEPC, which is the development arm of Hermes which has been a long-standing funder of the Paradise scheme.
MEPC took over the scheme from original developer Argent in July 2021 with Argent saying at the time it wanted to focus on its schemes in London at King鈥檚 Cross, Brent Cross and Tottenham Hale. MEPC later sold the Octagon tower to City Developments.
Bam built the first two office blocks, known as One and Two Chamberlain Square, at the Paradise site. Number One was designed by Eric Parry with Two drawn up by Howells.
Sir Robert McAlpine worked on another Howells scheme at the development, One Centenary Way.
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