Court Collaboration pledges £5m social investment as part of Stone Yard scheme

Birmingham residential developer Court Collaboration has completed a Section 106 agreement related to its recently approved Stone Yard scheme.

The signing of the Section 106 means another step has been taken towards the delivery of 995 apartments in Digbeth, with 10% of the Build-to-Rent homes now offered as affordable housing, an additional community benefit to the value of £5m.

The Stone Yard scheme will see the regeneration of the former Bull Ring Trading Estate site, delivering a complex of seven separate buildings with a mix of one and two-bedroom properties.

The development will also include around 30,000 sq ft of commercial space for uses such as a gym and cinema, co-working space and a facility for the Irish community following the closure of the iconic Irish Centre earlier this year.

The scheme is designed by Glancy Nicholls Architects.

Anthony McCourt, CEO of Court Collaboration, said: “People and communities have always been at the core of our ethos at Court Collaboration, so we remain committed to delivering schemes which are much more than just bricks and mortar.

“Stone Yard will be just that and will encourage the best of ‘work, live and play’ with a range of potential leisure and retail opportunities. Therefore, we’re delighted to have completed the Section 106 agreement and committed to the affordable housing in the scheme. We look forward to starting work on site in Q1 2021.”