Build-to-Rent Scheme Announced in Birmingham
Watkin has announced that it has received resolution to grant permission for a Build-to-Rent scheme in the centre of Birmingham, its largest BtR development to date.
Designed by Glenn Howells Architects, the scheme known as Makers’ Yard, will include 551 beautifully designed one-, two- and three-bed apartments, 47 of which will be affordable. Residents will be able to enjoy social lounges, a gym, co-working space, large double height reception areas, a landscaped podium and a double height sky lounge. The scheme’s location within 500m of the iconic Bull Ring shopping centre will offer residents easy access to Birmingham’s extensive retail, restaurants and bars, as well as New Street Station.
At the heart of the 2.47-acre site will be a new pedestrianized public square, giving access to the scheme’s 1,483sq.m of ground floor commercial space that will enable local employment opportunities.
Alex Pease, Chief Investment Officer of Watkin Jones, said: “This decision marks the growing recognition of BtR’s role in creating sustainable new homes, and our expertise in delivering a strong pipeline of landmark places across the UK. I’m thrilled that we can now get on and start building this fantastic scheme, which is already attracting strong interest from institutional investors.
They added: “Birmingham’s dynamism and central location puts it in a really strong place to grow after the pandemic. But to keep cities desirable as places to live we must continue to attract long-term institutional investment into creating homes that offer an amazing living experience.”