Two residential development sites in Birmingham city centre with a combined GDV of circa £235m have been put up for sale by administrators.
Gary Hargreaves and Anthony Collier of FRP Advisory Trading, the joint administrators of Future High Street Living (Digbeth) Limited and Future High Street Living (Talbots) Limited, have appointed Knight Frank to market the two sites, which are located on the corner of Bradford Street and Birchall Street in Digbeth, and Princip Street in the Gun Quarter.
The Bradford Street site (pictured) has planning consent for 484 residential apartments delivered across six blocks ranging from six to 10 storeys, and the Princip Street site has planning consent for 364 residential apartments, arranged across three buildings ranging from six to 26 storeys.
Charlie Steele, associate in the Birmingham residential development land team at Knight Frank, said: “These two sites represent prime residential development opportunities in one of the UK’s most dynamic cities. With Birmingham’s population expected to grow by 14% by 2038, and employment projected to increase by 14% over the next 20 years, there is sustained demand for high quality residential accommodation in the city centre.
“Both sites have implemented planning consent and are situated in areas undergoing significant regeneration, with excellent connectivity to transport links including the future HS2 Curzon Street station. The affordable housing requirements are notably low for city centre schemes, which enhances their appeal to developers.”
