Birmingham Chinese Quarter student scheme hits the market

Sama Investments has placed a 301-bed student scheme site within Birmingham’s Chinese Quarter on the market.

BNP Paribas Real Estate is marketing the development site with a GDV of £50m, seeking offers of more than £7.5m.

The purpose-built student accommodation scheme secured planning permission from Birmingham City Council at the beginning of December.

Located at the former Goods Yard on Pershore Street, the development will feature a stepped building design with sections rising to four, 10, and 15 storeys, forming part of the wider redevelopment of The Arcadian Centre.

Bilal Ahmed, founder and Chairman of Sama Investment Group said: “We pride ourselves on being specialists in breathing new life into brownfield real estate across Britain’s regions, creating long-lasting value for investors and communities.

“We carefully selected Pershore Street to deliver market-leading returns to our clients and investors alike, and anticipate strong interest given the rarity of the planning permissions granted in that area.

“It offers the opportunity to capture market demand, with the plans for the scheme also supporting and retaining the identity of the surrounding area.”