Birmingham Southside residential scheme tops out

The scheme

Timber Yard, Galliard Homes’ and Apsley House Capital’s residential apartment development in Southside Birmingham, has reached a construction milestone.

The scheme, which comprises 379 studio, one, two and three bedroom apartments, plus ground floor commercial space, has officially topped-out, just one year after construction started.

Cllr Ian Ward, leader of Birmingham City Council, said: “The topping out of the exciting Timber Yard development represents another important step in the re-emergence of Birmingham’s Southside and in our efforts to provide homes for Birmingham’s young and growing population.”

Timber Yard is the first development in Birmingham by joint venture partners Galliard Homes and Apsley House Capital. Located on Pershore Street, in the heart of Southside’s Chinese and Gay Quarters, in addition to apartments the development includes a range of on-site amenities, including a concierge service, gym, screening room, residents’ club lounge and undercroft parking.

Seventy per cent of the scheme, including 90% of the East Block and 40% of the West block, is already sold, with sales totalling more than £70m. The nine ground-floor commercial units have also been sold.

Don O’Sullivan, chief executive of Galliard Homes, said: “Timber Yard typifies the high standard and quality of Galliard Homes’ residential developments and will be an exemplar for our other schemes in the city.

“Galliard has been building new homes in London for almost 30 years and we hope Timber Yard will be the start of a long and successful relationship between ourselves, our partners and Birmingham in the years to come.”

Gerard Nock, chairman of Apsley House Capital, said: “This is the first development we are building in partnership with Galliard Homes and we’re pleased with how well it has been received by buyers.

“With a development pipeline of some 3,000 new homes, we are committed to helping the council deliver the housing the city so desperately requires, while also helping to create and shape new communities through positive urban regeneration.”

The joint venture between Galliard Homes and Apsley House Capital was formed in 2016
with the aim of acquiring brownfield sites in the West Midlands to provide mixed-use schemes. The partnership has already amassed a sizeable portfolio, with five sites in Birmingham, with a gross development value in excess of £500m.

At Soho Loop, planning permission has been granted for more than 750 homes and 10,000 sq ft of commercial space, while at St Paul’s Quarter work is due to start this year on a residential-led, mixed use scheme of 305 apartments and 100,000 sq ft of commercial space.

Timber Yard is scheduled for completion in 2021.

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