Apsley House Capital and Galliard Homes have bought a 12-acre regeneration site in Birmingham with planning for 500 homes.
The two companies have bought the Soho Loop site near City Hospital from City & Provincial Properties in a joint venture. The site is close to Brindleyplace and next to the Jewellery Quarter, where Berkeley recently bought its first scheme.
The jv intends to submit a new application to build up to 800 homes.
Robin Norstrom, director of Apsley House Capital, said: “It is going to transform what is a neglected and derelict area of Birmingham into a canal-side quarter of high-quality homes with character in a green pocket.
“It has the added attraction of being just a few minutes’ walk or cycle from all that Birmingham has to offer in terms of entertainment and employment.”
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