Three Chamberlain Square will sit in a prominent location to the west of the Town Hall and front onto Paradise Street.

It will become the fifth building to be built as part of the Paradise estate, with a planning application anticipated to be lodged during 2021.

Alongside the already completed One Chamberlain Square and Two Chamberlain Square, the 280,000 sq ft One Centenary Way is under construction and a 49-storey residential tower, Octagon, is currently progressing through the planning process.

Three Chamberlain Square will, along with a new 4-star hotel on the corner of Paradise Street and Ratcliff Square, complete Phase Two of Birmingham’s most important regeneration scheme and bring the total number of buildings on site to six.

Four leading architects’ practices have been shortlisted: Associated Architects (Birmingham); Shedkm (Liverpool); FCB Studios (London;) Reiach and Hall (Edinburgh).

Rob Groves, regional director with Argent, development managers of Paradise, said: “This is about more than just bringing forward another new building, it is also a huge vote of confidence in Birmingham and demonstrates that from a development perspective the city is well and truly open for business and pressing ahead with ambitious plans to regenerate itself.

“This competition will help us to create a landmark new building in one of the most important locations of the entire Paradise site.”