Cannock Developments has secured a contract from Network Rail and Birmingham City Council in the UK to refurbish an office building located above Birmingham New Street station.
A planning application has been submitted to redevelop the building into 100,000ft² of office accommodation, to be renamed One Grand Central.
As per plans, offices will be situated in a central location above the travel and retail hub of Birmingham New Street station and Grand Central shopping centre.
Cannock Developments is planning to start the project in 2014 and complete it in 2015.
Mike Tracey of Cannock Developments said, "A complete back-to-frame refurbishment of the building will ensure that this landmark building is highly attractive to modern office occupiers at a time when the quantity of quality office stock in the city is diminishing."
The redevelopment of Birmingham New Street station and creation of Grand Central Birmingham shopping centre is backed by Birmingham City Council, Network Rail, Department for Transport, Centro, European Development Fund and Department for Business Innovation and Skills.
Network Rail is delivering the project alongside its delivery partner Mace.
The project will include a new concourse, which will be three and a half times bigger than the existing facility.
Work has already started to redevelop the old station and Pallasades shopping centre above into Grand Central.
Network Rail project director Chris Montgomery said the planning application marks another important milestone in its project to redevelop Birmingham New Street station.
"When complete, the new offices will have unrivalled travel connectivity, with the new integrated station incorporating the city’s metro extension right on the building’s doorstep," Montgomery said.
Image: The building at Birmingham’s New Street station will be refurbished into 100,000ft² of office accommodation Photo: Courtesy of Network Rail.