Chinese investors are in talks to demolish Chamber of Commerce of the House and rebuild the landmark site Edgbaston another potential coup ownership superpower Far East.
No name developers, backed by investment funds in China, are in detailed negotiations with the business organization of the city on the future of the house chamber 50.
If it is agreed, the preferred option is the demolition of the office building, which was designed by renowned architect John Madin city and was completed in 1960.
Camera outgoing CEO Jerry Blackett said the decision on the future of the project was likely within six months. The project has been under discussion for several months to help take down a pension deficit of £ 3,000,000 to £ 4,000,000, but Mr. Blackett said that talks were now in "more sustained.
"We are still willing to redevelop the site and are in discussions with a potential developer and some Far Eastern investors - it is Chinese money.
"The discussions we're having right now are the most sustained since the start of the recession. We would have to decamp at the point where the operation is performed.
"It's a matter of if we return, and we are minded to stay. We do not believe that a location in the city center is quite right for us.
"We can sit out, we are not a distressed seller, have very low costs being here, we're not in a rush to sell."
The plans come amid a growing wave of Chinese investment capital in Birmingham.
Tower Pier Broad Street became the first building in the city to be bought by investors from the Far East in November 2013.
Since then, there have been a series of deals with Chinese investors in development 130 Colmore Row, soon to be a restaurant Nosh and Quaff, and Franklin House, a former Cadbury factory will be converted into apartments.
The Post has reported in recent weeks how Chinese billionaires are interested in financing major regeneration schemes as Curzon Street and Icknield Port Loop.
Mr. Blackett said the Chamber of Commerce of the House, which was valued at £ 2.93 million on a turn-key basis March 2012, was the most valuable camera 'assets. "
"It's probably demolish and start a new stage. We have seen the cost of reforms, but there is more value in the demolition of renewal."
The camera has seen its workforce more than half since 2007, largely due to the loss of Business Link, which has substantially affected their sources of income of about 36 million pounds to the current figure of 6.5 million pounds.
Its workforce of around 70, compared to 200 before, now considered too small for the size of the Chamber of Commerce of the House.
If the project goes ahead of China, the camera will effectively resurrect an 11-year-old scheme dating from March 2004.
The plans were revealed to demolish the building and build a new headquarters for £ 90 million. But the scheme to provide three new main buildings at the corner of Harborne Road and Highfield Road, is inactive after the recession hit.
The camera, which has been in talks with the landlord Calthorpe Estates on the future of construction, already has a license of demolition and reconstruction scheme.
If Chamber of Commerce of the House was demolished, it would become the latest in a growing list of buildings to be razed Madin in Birmingham.
Most famously, the demolition has begun in the Central Library Chamberlain Square and is expected to be completed by the end of this year.
Madin other buildings have been demolished include the former home of the Birmingham Post & Mail, Pebble Mill Studios in Edgbaston and the building of the AEU in Holloway Circus, replaced by the Radisson Blu hotel.
Meanwhile, 103 Colmore Row, known as NatWest Tower, also expected for 2016 is gone and replaced with a new brand, office tower of 26 floors.
TheChinaInvestors is the world's #1 funding and investments network for Chinese Investors and Global Investees.