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Brum Paradise Circus JV approved

Birmingham City council’s Cabinet has signed off the council's joint venture agreement with the British Telecom Pension Scheme, managed by Hermes Real Estate Investment Management Limited (HREIML), the financial backer of Argent, for the regeneration of Paradise Circus in Birmingham city centre.
CoStar News
March 25, 2013 | 8:24 P.M.

The partners said that the JV agreement meant that the detailed planning, design and marketing of the first phase of the project is “now certain to go ahead with the previously announced £61m investment by the Greater Birmingham and Solihull Local Enterprise Partnership (GBSLEP) providing funding for the infrastructure and site preparation”.

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