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Andy Ruhan, who funded internet hotels business Global Switch has bought Hampton Trusts Ltd share in the £450million Arena Central Scheme. As a result, they now own 301 Broad street which is a key site earmarked for the prestigious development.
The site already holds planning permission for 2 million square feet of space and is dubbed to be Birmingham's new Brindley Place However, progress of the scheme has been slow. Hampton has wanted to sell of its share in the site since last year after talks between Miller and Hampton Trust collapsed. Unfortunately, since then talks also collapsed with an Australian developers Hampton hoped to sell its share to. Now that a new buyer has been found, work on the scheme should be able to commence if all goes to plan. Article Related buildings:
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