Market Leads & Opportunities

Proposals for Perry Barr residential scheme take a step forward

Source: https://www.thebusinessdesk.com/westmidlands/news/2088592-proposals-for-perry-barr-residential-scheme-take-a-step-forward

More than 200 households on Birmingham City Council’s housing waiting list will soon be moving into newly built homes, as proposals for the Perry Barr Residential Scheme (PBRS) are to be approved.The council is set to make a decision on nearly 1,000 homes within the scheme, and on 23 July, cabinet approved plans to retain 213 newly built homes for council housing use.Additionally, the sale of three plots within the Perry Barr Residential Scheme is being recommended for approval by the council’s property cabinet sub-committee. If approved, this will bring an additional 755 new apartments onto the market, most of which would be ready to be occupied.The two proposals being brought forward for approval follow on from a review of the scheme’s disposal strategy and an active period of the plots being marketed for sale to professional investment managers and operators.Cllr Sharon Thompson, deputy leader and cabinet member for economy and skills, said: “It’s great to see the progress that has been made to improve Perry Barr. It’s becoming a place where people are proud to live in and a destination of choice for visitors or for those wishing to relocate.“The investment has brought massive benefits locally with upgraded public transport links, the stunning redevelopment of the Alexander Stadium and, of course, a significant number of homes that are now ready for occupation.”Planning permission has been granted for 1,414 homes to be built on the former Birmingham City University site located close to Perry Barr railway station three miles north of central Birmingham.PBRS Phase One scheme comprises 968 homes built across 4 plots (Plots 6, 7 8 and 9).The scheme has been completed in phases from spring 2023 to varying scope, with internal fit out works concluding by March 2024.