Pennycuick Collins advises on £100m Southside residential scheme
November 3rd 2017
A detailed planning application has been submitted by Camborne Land Investments to create an integrated rental community with up to 500 new homes in the Southside area of Birmingham within the Gooch Estate.
The proposed £100m scheme is located on the 2.25 acre site of the former Kent Street Baths, bounded by Bromsgrove Street, Gooch Street North, Kent Street and Henstead Street . It was acquired by Camborne and Urban High Developments as a joint venture earlier this year to bring forward Camborne’s first UK residential development with an ambition to create a thriving, sustainable and professionally managed rental community in the heart of Birmingham. Subject to planning approval, work is expected to start on site in summer 2018.
Charles Gillett of Pennycuick Collins, who advised The Gooch Estate which retains its freehold interests in the site, commented:
“The Gooch Estate is fully committed to Camborne Land Investments’ vision for the scheme. This is an exciting addition to the growing range of accommodation projects located within the Gooch Estate and, there is huge demand for quality rental property in this vibrant part of the city.”
Designed by Glenn Howells Architects, the proposed scheme includes approximately 400 Build to Rent apartments and a further 100 homes for private sale, as well as a public courtyard, retail space and a private resident’s hub at the heart of the development.
Conal Long, Investment Director at Camborne Land Investments, said:
“Our plans for a rental-led development at the former Kent Street Baths site continues the regeneration of Southside in Birmingham and will act as a gateway to the forthcoming transformational Smithfield development, whilst providing high quality housing that is both sustainable and accessible for modern living. Birmingham’s drive and ambition gave us the confidence to make our first investment into residential property in the city. Given the current level of investment and the site’s prime location, it is the perfect opportunity for us to build on that momentum and make a lasting impression on the Build to Rent market.”