Apsley House Capital and Galliard Homes have acquired a 12-acre regeneration site from City and Provincial Properties for it's joint Soho Loop development.
The scheme will see a new canal-side community created next to Icknield Port Loop. The Soho Loop features in the Greater Icknield Masterplan, part of the Birmingham Development Plan.
Consent is already in place to create 500 homes across six key plots. However, Apsley House Capital intends to submit an application for revised planning consent to create up to 800 homes and extend the city core in a green, garden-style environment. Vacant and derelict buildings will make way for a variety of energy efficient homes that will help to address the city's housing shortage. The plans include a mix of homes accessible to the new urban generation.
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Robin Norstrom, director of Apsley House Capital, said: "We are really excited about the Soho Loop development. 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. It is an ambitious project which will deliver well-managed good quality housing."
Manjit Deol, founder of Claremont Property Group, added: "The Soho Loop development will bring new life back to what was once a densely occupied industrial hub. The canal frontages provide an attractive residential environment, just over a mile from the city centre."
Image; CGI of previous plans.
(LM/MH)
