Housebuilder buys city centre site
Housebuilder Crest Nicholson has bought the second phase of a Birmingham city centre development site for £4.34m.
It has completed the purchase of the Sherborne Wharf project from brownfield developer Inland Homes, six months after buying phase one.
The two phases have consent for 233 residential units at the site, which is close to Brindleyplace.
In a separate deal also announced this morning, Inland Homes has agreed a pre-let to Premier Inn for a 107-room hotel development in Bournemouth.
Sherborne Wharf
“At Sherborne Wharf, we have taken what was a complex site and realised significant value through this sale to one of the UK’s leading housebuilders.”
Plans for phase two will see a 10-storey and three-storey block built, while the existing two-storey Psonex House will be kept.
It will have 30 one-bed, 55 two-bed and two three-bed apartments.
