Fire damaged building sold to property developer

The sale of the fire damaged building, 16-18 High Town moves a step closer with the exchange of contracts to a Birmingham based property developer Elevate Property Group on Wednesday 26 April.

The building, which was damaged by fire in 2010, has outline planning consent and work on its restoration could start as early as this summer.

Councillor Harlow, cabinet member economy and corporate services said: “The sale of 16-18 High Town is great news, not only for the council but for the city as a whole.

It has been a long and arduous journey to get to this point, with our planning officers playing the lead role in getting to this point, by meeting with the agents, architects and prospective developers. As a consequence we have a solution which will benefit the city, with a mix of retail, restaurant and residential units planned for the site.

We have now completed phase 1 of High Town’s refurbishment and further works are planned for this year. The refurbishment of the city centre public realm and the restoration of the building will mean we are another step closer to creating a modern, thriving shopping destination that we can all be proud of.”