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Fri September 21 2018

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Birmingham PRS scheme moves forward

30 Apr Construction is expected to begin later this year on a £120m private rented sector (PRS) development in Birmingham city centre.

How the planned Birmingham development would look
How the planned Birmingham development would look

The High Street Group of Companies has struck a partnership deal with Taylor Grange Developments, the site's owner, to develop around 500 one-, two- and three-bedroomed apartments. Planning permission is already in place.

The Newcastle-based High Street Group now has a portfolio of proposed projects with a gross development value (GDV) of more than £600m.

The partnership is already working on a similar proposal in Digbeth – a £50m development of eight storeys and 220 apartments.

High Street Group PRS projects already under construction include the £30m Silbury Boulevard in Milton Keynes, a seven-storey building with 139 apartments that Grainger has agreed to forward fund and acquire.

Also being built is the £46m Hadrian’s Tower in Newcastle, a 26-storey project that will become the city’s tallest building and provide 162 apartments. 

Meanwhile, the completion of a deed of variation on another Birmingham site – Westminster Works in the Curzon Street area of the city’s improving southern gateway – brings development there a step closer.  This £57m project will deliver an eight-storey, 254 apartment complex.

Construction is also expected to start this summer on a £26m, seven-storey building known as Middlewood Plaza in Salford.

Other High Street Group projects include Cheshire Junction in Warrington – a £46m eight-storey, 362-unit development, and a £22m, eight-storey development in Trafford, Manchester with 142 units.

MPU

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