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Old February 23rd, 2015, 07:42 PM   #121
CL81
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Quote:
LaSalle buys £81m student assets

LaSalle Investment Management has bought two student accommodation assets on behalf of funds in separate off-market transactions totalling £81.34m.
In 2014, LaSalle acquired 11 student accommodation assets for a combined total of over £250m on behalf of funds.

East Side Locks in Birmingham is a pre-let development, acquired from Alumno Developments for £43.59m representing a yield of 5.4%. Construction has just commenced and is due for completion in August 2016, the 215,000 sq ft purpose-built scheme will house 625 bedrooms spread across an 8-storey building with a 17-storey tower.

The site is located in the city centre adjacent to Birmingham City University’s new Eastside campus and there is a 21-year nominations agreement in place with the University. This is the second transaction between LaSalle Investment Management and Alumno Developments, having previously acquired a student housing project in Norwich due for completion later this year.
http://www.costar.co.uk/en/assets/ne...tudent-assets/

Looks like the fact LaSalle were buying the scheme was the push Alumno needed to get started on this.
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Old February 26th, 2015, 09:13 AM   #122
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Photo of the site taken on Tuesday 24th February 2015.

Not a great photo I am afraid, but it is a hard site to get a photo of as it is totally surrounded by a high fence, and nothing high nearby to get a decent view.

Curzon Street runs in the foreground of the photo, and Lawley Middleway (ring road) runs up the right. This plot is on the right hand edge of the Eastside Locks site.



Below is a wide panorama of the site I took in 2010 from roughly the same spot. This was before BCU phase 1 and phase 2 had even started being built.

You may need to scroll across to see it all.



Here is a small map, and the red arrow in the bottom right shows roughly the direction I was facing when I took these photos. I was standing in front of the existing student flats.

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Last edited by Guilbert53; February 26th, 2015 at 09:28 AM.
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Old February 28th, 2015, 07:34 PM   #123
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This is what No 1 Eastside Locks looked like today:-

No 1 Eastside Locks by bournvillebaggie, on Flickr
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Old February 28th, 2015, 08:01 PM   #124
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The whole city centre is one huge construction site at the moment with so much happening!

Looking forward to things properly getting underway with steelwork rising
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Old March 4th, 2015, 10:33 PM   #125
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Sort of update:http://www.birminghammail.co.uk/news...egins-8766422v

(link not working but page is on BM site)

Last edited by ComPurch; March 4th, 2015 at 10:35 PM. Reason: dud link alert
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Old March 4th, 2015, 11:42 PM   #126
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Quote:
Originally Posted by sefton66 View Post
The whole city centre is one huge construction site at the moment with so much happening!

Looking forward to things properly getting underway with steelwork rising
I was thinking that if every project on the drawing board or with planning approved was on site. It would be like Dubai with all the cranes.
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Old March 5th, 2015, 12:44 AM   #127
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I was thinking that if every project on the drawing board or with planning approved was on site. It would be like Dubai with all the cranes.
I was thinking about this the other day - What about the numbers of jobs being created.. It must be in the thousands...
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Old March 5th, 2015, 02:46 PM   #128
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Wherein lies the next challenge.

Finding people to build this stuff if it all happens will be really difficult; we can't get enough resources in the industry now before all this comes on stream. Prices are going up....!
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Old March 5th, 2015, 03:30 PM   #129
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Wherein lies the next challenge.

Finding people to build this stuff if it all happens will be really difficult; we can't get enough resources in the industry now before all this comes on stream. Prices are going up....!
Which is where the single market comes in. Nigel Farage is doing his best to put a stop to it all though, so only development in London will remain economic and the regions will stall....
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Old March 5th, 2015, 03:40 PM   #130
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Luckily for us Birmingham and West Midlands has a lot of construction companies based here with many of their training facilities here too or national construction companies send their trainees to our colleges for training
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Old March 14th, 2015, 04:45 PM   #131
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This was No 1 Eastside Locks this morning:-

No 1 Eastside Locks by bournvillebaggie, on Flickr
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Old March 14th, 2015, 10:56 PM   #132
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Two tower cranes for this one I assume?
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Old March 19th, 2015, 11:57 AM   #133
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Rebar and concrete sticking above the hoardings by the roundabout this morning I'll try grab a picture later on if I can
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Old March 19th, 2015, 12:16 PM   #134
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Rebar and concrete sticking above the hoardings by the roundabout this morning I'll try grab a picture later on if I can
Blimey that was quick. This will definitely be one to watch. Will the building mark the edge of what we call "town" then. And the city core? Is there any more room for expansion in this direction?
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Old March 19th, 2015, 12:19 PM   #135
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for now I guess so but going into future I can't see what's currently the other side of the middleway staying long term, huge potential to move outwards
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Old March 19th, 2015, 04:09 PM   #136
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As promised

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Old March 19th, 2015, 04:45 PM   #137
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good to see
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Old March 21st, 2015, 05:25 PM   #138
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No 1 Eastside Locks this morning:-

No 1 Eastside Locks by bournvillebaggie, on Flickr
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Old March 21st, 2015, 05:53 PM   #139
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get that tower crane on site....
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Old March 21st, 2015, 07:06 PM   #140
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The way things are going there will be a huge jump in number of tower cranes on the skyline!
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