House building JV targets ‘energetic’ Birmingham
A joint venture (JV) between Galliard Homes and Apsley House Capital plans to build in excess of 2,000 new homes in Birmingham after announcing it has launched an office on Colmore Row.
The JV has taken 772 sq ft in The Grand to house their planning, land acquisition , property management and sales and marketing teams. The partners own four sites in the city, with a combined estimated gross development value of more than £500m in Southside, the Jewellery Quarter, and Soho Lop a 12 acre plot on Main Line Canal.
Galliard Homes is a huge privately owned developer, employing over 700 staff, with a focus on urban regeneration, who currently have 44 projects under development at a gross value of £4.5bn, including 6,848 homes under construction and another 5,990 in their pipeline.
The JV marks Galliard’s first foray into the regional new homes market, which goes some way to match their current London and south-east portfolio.
Apsley House is a residential property investment business.
Chairman Gerard Hock said:”Birmingham is such an energetic city. The recent investment in infrasructure – with HS2 still to come – its youthful population and its thriving cultural scene are a massive draw.”
“We share Birmingham City Council’s ambitions to provide high quality and affordable homes for the city’s growing population.”
Stephen Conway, CEO of Galliard Homes, added:”We are thrilled to be working with Aspley House and expanding the Galliard brand into Birmingham; it’s an exciting step for the company. Currently there is a huge amount of potential around the city and we are looking forward to driving regeneration and delivering exceptional homes for the growing population.”
The four sites owned by the JV are all currently at the design and planning stage, and the teams aim to be on site with two of the four schemes by the end of this year.
