Cordia Blackswan has confirmed it is going ahead with a 366-home build-to-rent scheme in Birmingham’s Digbeth bought from Rainier Developments.
EG first reported the site acquisition as part of a wider expansion earlier this year.
The developer has spent the past year growing its portfolio, with around 2,000 flats in development and under negotiation. Cordia Blackswan is also seeking institutional investment for the £600m build-to-rent pipeline.
Cordia Blackswan is also planning a 50-storey BTR scheme of 453 flats at the former military barracks site in the Southside district of the city, around 300m from New Street Station.
The Digbeth scheme, on Moseley Street, has full planning consent. It will offer a combination of one, two and three-bedroom flats in two blocks of five and eight storeys.
Marcus Hawley, managing director at Cordia Blackswan, said: “For our first development in Digbeth, this great scheme is ideal and large enough for us to create our own placemaking opportunity.
“While its proximity to the city centre, great evening economy and existing transport already make it an appealing destination, we hope that adding some of our innovation and design flair to this exciting neighbourhood will be able to enhance the overall residential offer and the place.”
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