Vita Group is searching for a partner to help accelerate the build-to-rent element of its Goods Station development in Birmingham city centre.
Savills has been appointed to lead the search following the recent granting of detailed planning permission on the former Axis site on Holliday Street.
Goods Station has received consent for 990 homes across three buildings, alongside 720 student beds, 278 serviced apartments, a 17,000 sq ft food hall and public realm.
Michael Maguire, development director at Savills, said: “Goods Station provides a rare opportunity to set a new benchmark for BTR development in Birmingham city centre. The recently granted planning permission will enable a true mixed-use development and a new destination for city-centre living.”
According to Vita Group, the construction phase is projected to create around 485 jobs and inject £245m into the local economy. Upon completion, the scheme is expected to sustain 185 permanent jobs, generate an additional £2.4m in council tax, and contribute approximately £7.8m annually to Birmingham’s economy.
Alex Kelly, acquisitions director at Vita Group, added: “Goods Station will transform a brownfield site into a 21st-century sustainable urban neighbourhood, creating hundreds of new homes, a public food hall and an urban square for Birmingham’s residents and visitors to enjoy all year round.
“Building on our strong track record of delivering and operating high-quality mixed-use schemes, including Circle Square in Manchester, we look forward to bringing forward an exemplary, sustainable development to Birmingham.”
Image from Savils
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