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Patrizia deploys Birmingham residential investments

08 August 17 - Irene Theofanidou
Patrizia deploys Birmingham residential investments

COMPANIES

IBI Group

Consultant - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
Patrizia has expanded its UK residential investment programme into Birmingham.

 

The UK subsidiary of the German company has bought four acres of land at the Edgbaston Stadium to build 375 rental homes.

According to realestate.ipe.com, the land was sold by Warwickshire County Cricket Club and the Homes and Communities Agency.

A new access road will be built as part of the plans for the site, which is opposite Birmingham’s famous cricket ground and close to the University of Birmingham.

The acquisition in south Birmingham builds on Patrizia’s growing build-to-rent (BTR) strategy, which includes a mixed-use scheme in Manchester.

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