Park Point will be a Grade A office building overlooking the new £2m two-acre Austin Park at the heart of the new town centre. It will offer 20,000 sq ft over three storeys.
The two-storey Seven House will provide 17,000 sq ft of offices on High Street, next to the new 85,000 sq ft Sainsbury’s supermarket.
The buildings are in addition to the existing office space at the adjacent Longbridge Technology Park which is more than 90% let.
Contractor Morgan Sindall began building the town centre last month and is due to complete the scheme in 2013.
Longbridge town centre is a key part in St Modwen’s £1bn transformation of the 468 acres of the former MG Rover Works. Park Point, Seven House, the 80,000sq ft Sainsbury’s and a 75-bedroom Premier Inn including Beefeater Grill will be accompanied by 24 shops, a number of restaurants and extensive car parking. The creation of the tree-lined Austin Park will lead to the opening up of the River Rea for the first time in 100 years.
Next year’s opening of Longbridge town centre will bring investment at the former MG Rover site up to £250m since it was acquired by St. Modwen in 2003. This investment has already created 1,160 permanent jobs through the development of the Technology Park, Cofton Centre and the £66m new Bournville College, which opened in September 2011. The first 113 new homes are already being delivered at Longbridge in partnership with the Homes & Communities Agency (HCA). St. Modwen also handed over the £5m youth centre, The Factory, to Birmingham City Council in April 2012 in advance of its opening this summer.