PwC invests in £500m Paradise development

PwC invests in £500m Paradise development

Professional services firm PwC is the first business to sign up to the £500m Paradise development, which is set to bring thousands of job and investment to Birmingham.

By relocating its 1,400 Birmingham team from Cornwall Court to the top four floors of the One Chamberlain Square office building, PwC will strengthen the Paradise vision of becoming the most important commercial development outside London.

The seven-storey building will comprise of a premium quality office building, with shops and restaurants on the ground floor.

Matt Hammond, Regional Chairman of PwC in the Midlands, said: “One Chamberlain Square at Paradise was the natural choice for us.

“As part of Birmingham’s City Centre Enterprise Zone, the development is a key part of the city’s growth strategy to attract business and investors, create jobs and improve infrastructure.”

The Paradise redevelopment was given the go ahead in September 2015, and is a public-private joint venture with Birmingham City Council and the Hermes Investment Management.

Councilor John Clancy, Leader of Birmingham City Council added: “Paradise is set to bring thousands of jobs, massive improvements and significant investment to the city centre over the coming years, and PwC’s commitment to move its Birmingham presence here only emphasises the strategic importance of the Paradise scheme in the city’s commercial future.”