Apsley House Capital and Galliard Homes have revealed plans to build up to 800 homes in Birmingham city centre after acquiring the 12-acre canal-side Soho Loop site.
The two companies have bought the regeneration site near City Hospital from City and Provincial Properties for an undisclosed sum, and plan to transform it into an exciting new canal-side community. The joint venture teamed up with Claremont Property Group to purchase the site.
Soho Loop sits alongside the main line canal and Birmingham City Council has already given planning consent for 500 homes allowing 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 and extend the city core in a green, garden-style environment.
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. We see it as an innovative response to today’s changing needs in accommodation. We also believe it could assist with the retention of graduates and key workers in Birmingham whilst supporting the inward investment decisions of key employers in the region.”
Soho Loop sits next to Icknield Port Loop and features in the Greater Icknield Masterplan, part of the Birmingham Development Plan, which has outlined plans for 3,000 new homes and 1,000 new jobs in the area. The project will bring a site that has been redundant for many years back into productive use.
It builds on the JV’s presence in Birmingham after they recently acquired a sought-after site in Birmingham’s Southside district where it will deliver a development of 385 apartments. The development, currently under planning, was recently named after its historic use - The Timber Yard.
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