Apsley House and Galliard have bought the Soho Loop site near Birmingham’s City Hospital from City & Provincial Properties for an undisclosed sum. Working in joint venture, they have plans to develop a new canal-side community. The joint venture teamed up with Claremont Property Group to purchase the site.
Birmingham City Council has already given planning consent for 500 homes. The current consent allows for the development of six key plots, with three fronting Dudley Road. Apsley House Capital intends to submit an application for revised planning consent to create up to 800 homes.
Vacant and derelict buildings will make way for a mix of new home types.
Robin Norstrom, director of Apsley House Capital, said: “We are really excited about the Soho Loop development. It is going to transform what is a neglected and derelict area of Birmingham into a canal-side quarter of high quality homes with character in a green pocket. It has the added attraction of being just a few minutes’ walk or cycle from all that Birmingham has to offer in terms of entertainment and employment. It is an ambitious project which will deliver well-managed good quality housing.”
Manjit Deol, founder of Claremont Property Group, said: “The Soho Loop development will bring new life back to what was once a densely occupied industrial hub. The canal frontages provide an attractive residential environment, just over a mile from the city centre.”