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Horizon flat development could become social housing

NEW flats in Sheldon due to be surrounded by tropical gardens and topped with a luxurious penthouse suite could become Birmingham’s poshest council homes.

NEW flats in Sheldon due to be surrounded by tropical gardens and topped with a luxurious penthouse suite could become Birmingham’s poshest council homes.

Building of the £24 million apartment block on the A45 Coventry Road has remained unfinished after the collapse of the developer last year.

Now administrators for the failed company - White Fire - are hoping to sell off the upmarket 140-flat Horizon scheme to the city council.

Work on the site ground to a halt in December when Bank of Scotland pulled the plug on funding, leaving sub-contractors being owed more than £2 million.

John Kelly, of Birmingham business recovery firm Begbies Traynor, said they would be inviting offers from prospective developers to take over the project from White Fire.

“There’s a lot of opportunities for local authorities, and Birmingham City Council could make a killing. Horizon would be available for a considerable discount.”

 

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