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Old May 30th, 2012, 12:53 PM   #61
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From Business Desk

Mailbox in line for major re-vamp

THE Mailbox in Birmingham is likely to face significant change over the coming years, owner Brockton Capital has hinted.

Speaking at a meeting of the Investment Property Forum at Barclays’ Latitude Club in Snowhill, David Zimmermann, a partner in the real estate investment firm, said: “Walk through The Mailbox and you will see what is good about it. Walk through the shopping part and you will see what needs to be fixed.”

Asked whether the building and its constituents were likely to remain the same physically, he remarked: “Unlikely.”

Questioned after his speech about Brockton Capital’s vision for The Mailbox, Zimmermann said a plan has been formulated but the company was not going to launch it publicly, but start implementing changes which the public would notice over time.

Zimmerman’s comments strongly suggest that Brockton plans to extend the bar and restaurant offering at The Mailbox and to reduce the presence of the less successful retail offering.

Talking about The Mailbox generally, he said: “The capital structure was completely broken when we bought the estate.”

“We bought it at a level that reflected the good underlying income in part of the building which we were able to leverage off. We also saw great upside in the flexibility of the space and new uses and occupiers that could be added.”

Brockton Capital - which bought The Mailbox for £127.1m from Birmingham Mailbox Ltd early last year - is not averse to risk where it could see an opportunity and commensurate returns, Zimmermann said.

He told the meeting that opportunities still existed in tough times, but emphasised: “We are pickier than we were before. For us it is all about the real estate fundamentals on an investment.”
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Old May 30th, 2012, 02:07 PM   #62
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I'm glad this is being addressed. It's a tough retail sell on the periphery on the retail core. I hope they come up with something imaginative...
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Old May 30th, 2012, 07:27 PM   #63
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good to hear, Hopefully it will done quickly rather than be a long drawn out process
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Old May 31st, 2012, 02:20 PM   #64
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There's not much they need to do to the looks of Mailbox, it looks fine already, its tenants they need to focus on.
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Old May 31st, 2012, 03:19 PM   #65
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Putting a roof on it might be a start... it's the same with the Cube, getting rained on while you shopping isn't fun.

But a large tenant which will drag people from New Street is important.
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Old April 16th, 2013, 06:00 PM   #66
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Planned works to the area outside Tesco as a precursor to the main refurb:

http://eplanning.birmingham.gov.uk/N...APP&key=587661
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Old April 17th, 2013, 11:15 AM   #67
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I've heard of some quite radical changes and re-arrangment.

Some existing tenants are moving, others going. Some of the ideas around interaction with the other side of Suffolk St were almost exciting...
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Old April 17th, 2013, 02:43 PM   #68
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The design & access statement gives a hint of bigger changes coming.
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Old April 17th, 2013, 03:17 PM   #69
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Quote:
Originally Posted by markmcd1976 View Post
Putting a roof on it might be a start... it's the same with the Cube, getting rained on while you shopping isn't fun.

But a large tenant which will drag people from New Street is important.
Would food shopping work here? Or too risky? Retail just hasn't quite worked has it. Harvey Nichols has a good spot though. I'm not sure more bars and restaurants would work? Maybe one or two more. I honestly don't think placing a roof on top will make an ounce of difference to wheather people shop here or not.

Whatever goes here it needs to compliment what works already, shame the BBC couldn't have invested more into this building, how about film and media? That would make more sense.
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Old April 17th, 2013, 04:55 PM   #70
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HARD ROCK CAFE would do well at The Mailbox, it would be heaving at weekends, unlike its other half hearted attempt of a restaurant at the top of Broad Street a few years ago.
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Old April 17th, 2013, 06:17 PM   #71
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Quote:
Originally Posted by Brum X View Post
HARD ROCK CAFE would do well at The Mailbox, it would be heaving at weekends, unlike its other half hearted attempt of a restaurant at the top of Broad Street a few years ago.
If it didn't work on Broad Street I can't see it working here and it's very 1990s.

The trouble with bars and restaurants here is there are probably far more inspiring locations than where the main core of shop units are here, which are effectively sandwiched between Harvey Nichols/Front Entrance and The more attractive canal side entrance where the concentration of restuarants are- The bit in between is always going to be a walkway between the two.

Offices or creative space seem to make more sense in this central bit, at least it would increase the profitability of the existing bars on the canal front and make it more of a destination. Also, noise travels in that canyon, I'm not sure the residents would appreciate noisy bars below. I certainly wouldn't.
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Old April 18th, 2013, 11:02 AM   #72
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Quote:
Originally Posted by fruit&nut View Post
I've heard of some quite radical changes and re-arrangment.

Some existing tenants are moving, others going. Some of the ideas around interaction with the other side of Suffolk St were almost exciting...
and backs up the hint I got about a roof going over the Mailbox complex. Major stuff happeneing. i can't read the PDF D&A statement but I assume that they're talkink about making extensions and stuff? And food shopping was supposed to be brought here but there with eithe M&S or Waitrose but the last management had some sort of argument with them. A shame because that unit at the back would have been good to take up as a Metro style food retail store.
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Old April 18th, 2013, 11:52 AM   #73
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I think the D&A only mentions that the proposed works fit in with other internal improvements being considered
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Old April 18th, 2013, 01:14 PM   #74
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Quote:
Originally Posted by Typhoon2000 View Post
and backs up the hint I got about a roof going over the Mailbox complex. Major stuff happeneing. i can't read the PDF D&A statement but I assume that they're talkink about making extensions and stuff? And food shopping was supposed to be brought here but there with eithe M&S or Waitrose but the last management had some sort of argument with them. A shame because that unit at the back would have been good to take up as a Metro style food retail store.
The city centre does need a really classy food hub for all the new city centre living. There area few delicatessens and patiseries already dotted around, but would be nice to have something really special in one place which could encourage people from outside the city to come in to shop for the special stuff, you could even get a few market stalls in there I am sure. A waitrose would be great and would I am sure draw other smaller shops. Incidentally there is a great bakery, wine store and various other high grade food stores in Great Western Arcade now.

It would be ncie to somehow link any potential Mailbox hub with the Indoor Markets which I personaly think are fantastic and we should be shouting about a lot more, they fare very well from food markets I have been to across the world which are 'supposed' to be top banana!
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Old April 18th, 2013, 01:46 PM   #75
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Restaurants and bars are the Mailbox's stength so I think the vacant space at the back would make a great food hall where you could franchise it out to restaurant and grocer operators Selfridges Food hall style by keeping it open plan. Think it would be a really help to make it a more destination place to shop and eat.
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Old April 19th, 2013, 12:29 AM   #76
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Whole Foods at the Mailbox would be a great thing for Birmingham. London stores are great. they were planning one back in 2008/2009, so l hope they think about the idea again and go for mailbox.
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Old May 30th, 2013, 10:59 AM   #77
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Harvey Nicks doubles up at MailboxBy Lisa Pilkington | Retail | 30-05-2013 | 08:00 | Print
Harvey Nichols is doubling the size of its store in Birmingham at Brockton Capital's and Milligan Retail's Mailbox.

The luxury retailer is taking 45,000 sq ft at the Mailbox, more than double the size of its existing store at the 641,000 sq ft scheme.

It comes as Brockton and Milligan are to spend £50m on a revamp of the Mailbox.

As part of the Mailbox's refresh, Harvey Nichols will relocate from its current position at the front of the scheme to the back.

Plans also include remodelling the rest of the building to reduce the current 150,000 sq ft size of the overall retail offer while introducing more leisure space at the back of the scheme.

Work is due to start before the end of the summer and the new Harvey Nichols is due to open in spring 2015.

Brockton and Milligan bought the scheme from the administrators of Birmingham Mailbox for £127m in March 2011.

Nash Bond is the retail letting agent.

http://www.egi.co.uk/news/article.aspx?id=767562

Property Week Article too.


Harvey Nichols to double store size at Birmingham city centre scheme
Brockton Capital and Milligan are to spend £50m on a transformation of the mixed-use Mailbox scheme in Birmingham with a new Harvey Nichols department store as an anchor.

The luxury retailer has taken a 35-year lease on a 45,000 sq ft unit, which is double the size of its existing store at the city centre scheme.

The owners are also understood to be in discussions with an occupier for a three-screen cinema at the redeveloped upmarket shopping mall. Work is due to start before the end of the summer and the new Harvey Nichols is due to open in spring 2015.

Harvey Nichols, Emporio Armani, Nicky Clarke and Toni & Guy will trade throughout the redevelopment. However, Jaeger, Gieves & Hawkes, Castle Galleries and LK Bennett will close, and open new stores when the new scheme is completed.

The Stanton Williams design incorporates a roof that will protect shoppers from inclement weather that has previously blighted the Mailbox.

“The core retailers within the scheme have traded well, but we want to bring in a new mix of brands and enhance the environment to further improve performance,” says Simon Samuels, partner at Brockton.

A new “Room” zone on the first floor will be aimed at luxury brands. A wooden fit-out is designed to emulate a department store feel, in contrast to the existing “street” layout.

It will be cordoned off from the public at night for fashion shows, events and parties, although the ground floor will be a public walk way 24 hours a day.

“What we wanted to create was something that wasn’t like a shopping mall but like an urban room, where people that buy these brands aspire to and it makes them feel like they have ownership of it,” said John Milligan, chief executive of Milligan.

The new Harvey Nichols will be to the rear of the scheme to draw customers through the centre. The new configuration will allow direct access to Harvey Nichols from the car park for shoppers who are likely to be the highest spenders.

The 640,980 sq ft Mailbox contains 150,000 sq ft of retail, 200,000 sq ft of retail, 70,000 sq ft of restaurants and bars and a 686-space public car park.

Some of the office space on the lower floors of the building will be refurbished as part of the redevelopment.

Brockton’s Brockton Capital Fund II bought the Mailbox in April 2011 for £127.1m, alongside Milligan which owns a minority stake. It was bought as part of a consensual sale from Birmingham Mailbox Ltd, of which developers Alan Chatham and Mark Billingham are directors.

Lloyds Banking Group and the Royal Bank of Scotland had financed their redevelopment of the scheme, which was competed in 2009.

Nash Bond is the retail letting agent.

For more exclusive images see tomorrow’s Property Week.






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Old May 30th, 2013, 08:37 PM   #78
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£50m facelift planned for Mailbox in Birmingham

Birmingham Post

The owners of the Mailbox are set to invest heavily in a major redevelopment to capitalise on the renaissance of Birmingham city centre.

A new roof, larger public areas and improvements to the surrounding infrastructure will be created at the mixed-use development, as part of an investment thought to be worth £50 million from Brockton Capital and partner Milligan Retail, which bought the Mailbox two years ago.

It will see anchor Harvey Nichols double the size of its presence and is part of proposals to improve the retail offer to take advantage of increased footfall in the city centre with the New Street development, new John Lewis and £187 million Library of Birmingham.

http://goo.gl/P4106
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Old July 23rd, 2013, 09:59 AM   #79
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News from Construction Enquirer:

http://www.constructionenquirer.com/...ailbox-revamp/

Four firms chase £50m Birmingham Mailbox revamp

Four firms are battling it out for the £50m refurbishment of the Mailbox shopping centre in the heart of Birmingham.

Bidders Brookfield Multiplex, Bowmer & Kirkland, Galliford Try and McLaren Construction are now waiting for an announcement in time for work to start in September.

Traders have begun moving out ahead of the the two-year revamp which will see a new roof, larger public areas and improvements to the surrounding infrastructure.

Anchor tenant Harvey Nichols will double the size of its current store under the plans from site owners Brockton Capital and partner Milligan Retail.
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Old July 23rd, 2013, 10:35 PM   #80
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new thread?
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