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Percy Thomas keeps close eye on Longbridge

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The Percy Thomas Partnership could be about to approach the venture capitalists Alchemy, poised to buy the massive Longbridge site to see if it can salvage any of the work it did for Rover, writes David Taylor.

ptp chief executive John Rudge told the aj that the practice 'may well approach' Alchemy in the light of German car giant bmw's controversial pull-out last week. ptp had already done a good deal of work over a number of years looking at the configuration of buildings and site planning for Rover, after having been subcontracted by engineer Posford Duvivier.

'We may well approach Alchemy but at the moment we're just waiting to see what will happen,' said Rudge. 'The work we did was a huge mixed bag of stuff with a view to rearranging the works.'

Alchemy, meanwhile, could raise up to £200 million by selling off land at the172ha site as a business park site, but Birmingham City Council is likely to resist any changes of use.

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