HBD has expanded its development pipeline in Birmingham with the acquisition of a prominent 2.6-acre site in the city’s Jewellery Quarter.
Previously occupied by Sytner BMW dealerships, it occupies a gateway position into the Jewellery Quarter, fronting Summer Hill Road, Sand Pits, Camden Street and Newhall Hill.
The site is the developer’s second in the Jewellery Quarter, with plans already underway for the redevelopment of Cornwall House; 101 apartments with ground floor commercial space.
Adam Brady, Executive Director at HBD, said: “This site is in a great location and has masses of redevelopment potential – urban regeneration is a key focus for HBD so it’s an ideal fit for our growing pipeline.”
Simon Raiye, Director at HBD, said: “This is a well-known, prominent site that has become vacant so we are looking forward to putting plans together to bring it back into use. Living space is in high demand in the city’s Jewellery Quarter so we’ll be exploring plans for a residential led mixed use development.”
The deal is the latest in a series of key acquisitions by HBD as it builds its development pipeline across urban residential, urban commercial and industrial and logistics. Recent deals include the purchase of 60, 000 sq. ft. across two buildings in Mabgate, Leeds, and a key site in the St John’s district of Manchester City Centre.
HBD is one of the UK’s most active developers. Part of Henry Boot PLC, it is headquartered in Sheffield with offices in London, Bristol, Birmingham, Manchester, Leeds and Glasgow. The developer is currently working with a £1.4bn development pipeline.
Avison Young acted for the joint vendors, King Edwards Schools and Sytner Group.