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PATRIZIA AG announces the start of construction of ‘The Residences’ build-to-rent (BTR) scheme in the Edgbaston district of central Birmingham on behalf of one of its large institutional clients. Winvic Construction has been appointed as the main contractor and is expected to complete the work in the second half of 2023, with the landscaping part of the project due to be completed in time for the Commonwealth Games Women’s T20 cricket in late July 2022.
The scheme, which has a GDV of £90 million, is situated in a core residential area of Birmingham, and provides 375 high-quality apartments, with approximately 20,000 sq ft of retail and leisure space on the ground floor. PATRIZIA bought the site, which is adjacent to the iconic Edgbaston Cricket Ground, from Warwickshire Cricket Club and Homes England.
‘The Residences’ will provide excellent car parking, cycle and customer storage, as well as significant amenities, whilst benefitting from being located at the junction of two principal arterial routes into Birmingham city centre.
Source : PATRIZIA