Sama Investment Group has put a mixed-use development site in Birmingham with a GDV of £50m+ on the market.
The Birmingham-based developer and investor is seeking offers in excess of £7.525m for the 0.31-acre site, which is located on Pershore Street in the city’s Chinese Quarter.
The vacant plot has planning consent for 301 self-contained PBSA units over 15 floors, with communal space and retail units on the ground and first floors.
Bilal Ahmed, founder and chairman of Sama Investment Group, said: “We pride ourselves on being specialists in breathing new life into brownfield real estate across Britain’s regions, creating long-lasting value for investors and communities.
“We carefully selected Pershore Street to deliver market-leading returns to our clients and investors alike, and anticipate strong interest given the rarity of the planning permissions granted in that area. It offers the opportunity to capture market demand, with the plans for the scheme also supporting and retaining the identity of the surrounding area.”
Andrew Screen, head of residential capital markets at BNP Paribas Real Estate, which has been appointed to market the opportunity, added: “Investing in Birmingham’s city centre and PBSA offers a compelling case to developers and investors looking to secure strong occupancy rates and sustainable rental growth. The wider area is undergoing significant development with Pershore Street offering the chance to secure a well located, ‘plug in and play’ development site, with an immediate start on site in an attractive location neighboured by major universities, a rich cultural scene, and supported by excellent transport links.
“The student sector continues to demonstrate its counter-cyclical proposition with the demographic drivers and supply issues continuing to drive activity. We are currently seeing high investor demand for PBSA in city centres that contain Russell Group and/or STEM universities and expect extensive investment into PBSA in 2025.”
