UK developer Bluecastle Capital has announced it is to transform the former Marks & Spencer store in Birmingham High Street. It is billed to become a “landmark residential development”.
The company, known for building properties to rent, bought the site in Birmingham city centre saying its location near the forthcoming HS2 railway terminal at Curzon Street was a factor.
Ed Williams, CEO of BlueCastle Capital, said: “This is a once-in-a-generation opportunity to create a landmark residential development at the heart of one of the UK’s fastest-growing cities.
“Our vision is to deliver an outstanding build-to-rent scheme that sets a new benchmark for quality, sustainability and urban living.
“Birmingham’s connectivity, culture and momentum make it a key city for our long-term strategy, and the site’s strategic location next to the HS2 terminus makes it a critical piece in the city’s regeneration puzzle.”
The former Marks & Spencer premises in High Street opened in 1957 when it was described as its biggest in the country. It closed in November 2023 when M&S’ new flagship store opened its doors in Bullring, taking over much of the space used by Debenhams.
Since then, Central BID Birmingham and M&S have worked together on a project to allow Birmingham Children’s Hospital Charity to use space around the disused building as a display to raise money.
The charity’s latest fundraising campaign – the It Starts Here appeal – is currently on show at the prominent High Street site. Attractive pictures featuring 10 of the hospital’s young patients are also helping to brighten up the High Street for shoppers.