Offices earmarked to become 500 new homes
MORE than 500 new homes are set to be built on the edge of the Jewellery Quarter following a land deal.
Joint venture partners Galliard Homes and Apsley House Capital have acquired a four-acre site on the corner of Summer Hill Road and Icknield Street from British Airways Pension Fund for an undisclosed sum.
The complex is currently occupied by a two-storey office block and car park and is used by Birmingham and Solihull Mental Health NHS Foundation Trust.
The joint venture team said it was planning a residential scheme of more than 500 new homes at the site which will be called Camden Yard.
It expands Galliard’s foothold in Birmingham where they are working on residential projects at Soho Loop off Dudley Road, the AE Harris factory site in the Jew- ellery Quarter and Southside. Planning permission was granted for 379 apartments in the latter in a project called Timber Yard.
Stephen Conway, executive chairman of Galliard Homes, said: “This is the fourth site we have acquired in Birmingham.
“We have around 2,000 new homes with a gross development value in excess of £500 million in the pipeline for the city and are looking forward to starting work on the first of these before the end of this year.”
Apsley House Capital director Robin Norstrom added: “The site is a significant gateway into the Jewellery Quarter and our second here following our acquisition of the AE Harris site.
“We are huge fans of this historic district and our holdings will make us the biggest residential developer in the area.”
>The office complex at the corner of Summer Hill Road and Icknield Street is set to be transformed into 500 homes