Plans lodged for £120m Birmingham Southside scheme
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Proposals for a £120m development in Birmingham have been put forward.
A planning application has been submitted by Solihull-based developer BPG for the delivery of an 11-storey mixed-use scheme on Gooch Street North in the city centre.
The 2.5 brownfield acre site, known locally as Oasis Southside, has a gross development value of £120m.
It sits within Birmingham’s Chinatown and Theatreland – one of the city’s most vibrant and diverse cultural scenes.
The plans to redevelop this iconic part of Birmingham include the delivery of 456 residential units and 5,500 sq ft of ground floor commercial space.
Residents of the new development will benefit from a huge landscaped courtyard at ground level, and a private 7,000 sq ft rooftop terrace.
A new pedestrian street to the south of the development has also been proposed.
John Tebbutt, development consultant at BPG, said: “With close proximity to both the city centre and the new HS2 station, the development will prove highly attractive to both investors and owner occupiers alike.”
Knight Frank has been advising BPG throughout the process.
Mark Evans, head of regional residential development and investment at Knight Frank, added: “Birmingham Southside is currently undergoing a huge amount of exciting regeneration and redevelopment, which is totally transforming this part of the city centre. These latest proposals will deliver an additional 456 homes for Birmingham, and will be a catalyst for further investment. With travel between London and Birmingham set to become even faster and more convenient thanks to HS2, regional city centre developments like these will be in high demand. ”
Pennycuick Collins advised the land owner The Gooch Estate.
Charles Gillett of Pennycuick Collins said: “‘We are delighted to have concluded another substantial site disposal to BPG.”