Planning granted for £85m Edgbaston scheme

Fund manager Patrizia has secured planning permission for its £85m build-to-rent scheme in Edgbaston.

The single-property scheme will comprise 375 apartments while offering around 20,000 sq ft of retail and leisure space on the ground floor. Construction is expected to complete in 2022.

Patrizia acquired the site, adjacent to Edgbaston Cricket Stadium and close to the University of Birmingham, Queen Elizabeth Hospital and Birmingham Life Sciences Park, in 2017.

Edgbaston Residences is PATRIZIA’s fourth scheme within its growing BTR platform which, in conjunction with a further development in London, will bring 600 new BTR units into operation.

Patrizia said the Edgbaston Residences is a “positive milestone” in its ambition to expand its residential investment across the UK and Ireland.

The land was sold by Warwickshire County Cricket Club and the Homes and Communities Agency.

Daniel Williams, head of development UK at PATRIZIA, said: “This new development will address Birmingham’s urgent need for first-rate rental accommodation whilst also providing an attractive offer for local residents, as well as for those visiting Edgbaston Stadium. This also follows the recent completion of Forum, our first BTR development in Birmingham, which is already close to full occupancy.

“The provision of new homes is paramount for local and national talent looking to live and work in Birmingham, and this development provides just that. Throughout the planning process we have worked closely with both Warwickshire County Cricket Club and Homes England to ensure these plans are right for the local community, as well as for the iconic Edgbaston Stadium, the Club and its visitors.”

Neil Snowball, chief executive of Warwickshire CCC, said: “By delivering new apartments and commercial opportunities for cafes and restaurants, this development project will transform the area around Edgbaston Stadium and make it a destination for people to visit 365 days each year.

“We’re also delighted that the approval of these plans enables the club to benefit from a new entrance plaza, which will provide a much warmer and impressive welcome to all visitors, whilst the reconfiguration of the car park and new landscaping will provide greener, contemporary surroundings for the stadium.

“Since the club began its development programme of Edgbaston, around 10 years ago, our aim has always been to make it one of the leading venues in the country and a great asset to Birmingham. This latest phase of development will go a long way towards achieving these goals.”

Stuart Buckley, senior development manager at Homes England, said: “Homes England has ambitions to increase the pace, scale and quality of housing delivery across the country and our partnership work with PATRIZIA and Warwickshire County Cricket Club is an example of this.

“This development really illustrates Homes England’s ability to deliver a unique mixed use scheme around the International Cricket Ground including apartments for rent, which will tackle long-term housing challenges and help more people access better homes in areas where they are most needed.”

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