Designed by Make Architects, 3 Arena Central will offer 180,000 sq ft of commercial space over nine upper floors.

The building’s three basement levels will also provide capacity for 66 car parking spaces, over 40 secure cycle spaces and associated locker and shower facilities.

Arena Central is being delivered by ACDL, a joint venture between Miller Developments and Pro Vinci Asset Management.

Jonathan Wallis, Arena Central Developments, said: “Funding is currently being sought to develop 3 Arena Central on a speculative basis and we will be submitting a detailed planning application for the development shortly.”

Situated in the heart of Birmingham city centre’s Enterprise Zone and adjacent to Centenary Square and the Library of Birmingham, the 9.2 acre Arena Central site has been masterplanned for the delivery of over 1m sq ft of office-led, mixed use development.

Galliford Try has already started work on a £66m contract to deliver the 210,000 sq ft 2 Arena Central, which was forward purchased by HSBC.  The building is due for practical completion in 2017, with HSBC to take occupancy in 2018.

Demolition and site clearance of the rest of the site is already underway in preparation for the delivery of £10m public realm improvements also by Galliford.

Reserved matters planning consent has also been granted for the 135,000 sq ft 1 Arena Central.