Negotiated under a pre-construction service agreement, Graham will design and build a mix of one, two and three bedroom apartments across 138,000 sq ft of space.
The seven-storey build-to-rent scheme, on Hanley Street in the Gun Quarter of the city, is being developed by Europa Capital, with Xian Developments as development managers. Xian sold the site to Europa in December.
Residents of the 203 apartments will benefit from access to a gym, co-working space, private dining and concierge services.
Roof top solar panels should contribute toward the development achieving an EPC rating of B and a BREEAM Excellent rating for the ground floor commercial units.
Graham regional director Ronan Hughes said: “Birmingham’s growing business district and the recent investment in its public transport sector means that there is an increasing demand to both live and work in the city. This development will help meet that need and provide the high-quality rental accommodation that the city requires. Graham has extensive experience in delivering projects in the area, such as the recently completed Grand Hotel, and we look forward to using this to deliver Europa Capital’s first scheme in the region.
Construction is expected to start in January 2022, with practical completion of the development programmed to be reached in spring 2024.
Contract value was not disclosed.