Developer and manager of residential for rent homes Watkin Jones has secured resolution to grant permission for a BtR (build to rent) scheme in Birmingham, the UK.
This is claimed to be its largest BtR development to date.
The scheme is designed by Glenn Howells Architects and is known as Makers’ Yard.
It will include 551 one-, two- and three-bed apartments, out of which 47 will be affordable.
The scheme will feature social lounges, a gym, co-working space, large double height reception areas, a landscaped podium and a double height sky lounge.
Furthermore, its location within 500m of the Bull Ring shopping centre will provide residents with convenient access to Birmingham’s retail, restaurants and bars, as well as New Street Station.
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At the core of the 2.47-acre site will be a new pedestrianised public square, which will provide access to the scheme’s 1,483m2 of ground floor commercial space.
Watkin Jones chief investment officer Alex Pease said: “This decision marks the growing recognition of BtR’s role in creating sustainable new homes, and our expertise in delivering a strong pipeline of landmark places across the UK. I’m thrilled that we can now get on and start building this fantastic scheme, which is already attracting strong interest from institutional investors.
“Birmingham’s dynamism and central location puts it in a really strong place to grow after the pandemic. But to keep cities desirable as places to live we must continue to attract long-term institutional investment into creating homes that offer an amazing living experience.”
The scheme is expected to finish by 2025.
Turley had undertaken planning and strategic communications.
Image: The scheme will include 551 one-, two- and three-bed apartments, out of which 47 will be affordable. Credit: Watkin Jones plc.