Birmingham-based Sama Investment Group has put the Lawson Street purpose-built student accommodation (PBSA) development site up for sale.
The site, which is located at the corner of Lawson Street and Staniforth Street in Birmingham city centre, will provide 184 studios in an eight-storey building.
The on-site amenity provision will include a gym, yoga room, games room, lounge, study area, communal garden, roof terrace and communal lounges on the upper floors.
Bilal Ahmed, executive chairman and founder of Sama Investments, said: “We carefully selected Lawson Street to deliver market-leading returns to our clients and investors alike, and anticipate strong interest. It offers the opportunity to capture market demand, with the plans for the scheme also supporting and retaining the identity of the surrounding area. 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.”
Simon Wilson, senior director and head of living and capital markets at Lambert Smith Hampton, which has been appointed to market the opportunity, added: “We are delighted to be able to work with Sama Investment Group to bring this exciting PBSA scheme to market which will add some much-needed stock to Birmingham’s thriving student population. It is our belief that this is the right location to explore the potential for co-living with the city council.”
Richard Durkin, director of capital markets, Birmingham, at Lambert Smith Hampton, said: “The combination of quality accommodation in an outstanding location makes this scheme an attractive and excellent investment opportunity particularly when you consider the strength of the residential market within Birmingham.”
