Aviva Capital Partners (ACP) — in a JV with Moda Living — has invested in a four-acre regeneration site in Digbeth, Birmingham to build 1,000 BTR apartments.
This site was bought from Gallagher Developments Ltd and Court Collaboration and the proposed scheme will provide purpose-built, sustainable housing.
The brownfield site to be called ‘Stone Yard’ is a walk away from Birmingham New Street station and will also be close to the upcoming HS2 station and the new BBC base in the midlands.
The homes will be delivered and operated for the long term by Moda Living and will be complemented by a range of resident amenities and green spaces, including roof terraces and landscaped public areas.
This JV between aims to assess future large scale regeneration opportunities in the UK and marks ACP’s first step into the BTR market.
John Cummins, CEO at ACP, said: “Birmingham is a fantastic city which we are delighted to be investing in.
“[We] are developing approximately 1,000 homes right in the centre of the city which will [help] boost the local economy and support the UK’s ambition to develop attractive and environmentally friendly living spaces in our cities."
Tony Brooks, MD at Moda Living, added: “Partnerships like this are an important part of the solution to the UK’s current housing crisis, facilitating major brownfield regeneration into thousands of new, sustainable homes.
“Stone Yard promises to feature not only our resident experience and customer service, but also social value initiatives and investment in skills and training that will benefit the local community for many generations to come.”
