Mills & Reeve’s Birmingham office has advised Birmingham City University (BCU) on the relocation of the Birmingham Conservatoire to a new £40m purpose-built facility in Eastside.
The firm’s real-estate team, led by partner Tim Allsop, advised BCU on the negotiation and exchange of the agreement to relocate the Conservatoire from its current home at Paradise Circus to a site adjoining Millennium Point, adjacent to Jennens Road.
The agreement follows the compulsory purchase order settlement and compensation agreement, which was exchanged with Birmingham City Council at the end of 2013.
Christian Bull, an associate in the real-estate team, who was part of the advisory team along with Mark Cole and Richard Bogue, said: ‘As part of the council’s plans for the redevelopment of Paradise Circus, the CPO of the Conservatoire’s current home posed a significant threat to it. The agreement will allow the development of a new state-of-the-art facility and secures the long-term future of the Conservatoire.
‘Exchange of the agreement followed complex multi-party negotiations to enable the site to be assembled and an existing lease structure in favour of the Millennium Point Trust to be collapsed to allow the development to proceed, all in the context of the tight timescale imposed by the CPO settlement.’
The new Birmingham Conservatoire will reportedly be a contemporary building providing state-of-the-art facilities for students. It will incorporate two performance spaces, including a concert hall for orchestral training and public performances, private rehearsal and practice rooms and recording technology, in addition to providing teaching space for musicians from a variety of disciplines.
BCU is working closely with Millennium Point on the design and construction of the new building to ensure the facility complements the existing offer, in terms of both architecture and the provision of services.
As part of the agreement, BCU will be making a contribution towards the funding of additional facilities for Millennium Point.
Construction of the new Conservatoire is planned to start next year, with completion scheduled for 2017.