£150m scheme under threat as developers go into administration

A £150 million development scheme near Digbeth Coach Station is under threat after developer Connaught Square Ltd went into administration. Development backers Allied Irish Bank withdrew funding for the scheme causing Connaught to collapse into administration.

The development would have included 658 new apartments, a hotel, shops, offices, bars, restaurants and 1,000 underground car parking spaces.

The development was scheduled to be completed by 2011.