Transactions - JANUARY 13, 2021

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Start of construction for PATRIZIA’s 375-unit BTR scheme in Edgbaston

by Released

PATRIZIA AG has started the construction of The Residences build-to-rent (BTR) scheme in the Edgbaston district of central Birmingham, England, on behalf of one of its large institutional clients.

Winvic Construction has been appointed as the main contractor and is expected to complete the work in the second half of 2023, with the landscaping part of the project due to be completed in time for the Commonwealth Games Women’s T20 cricket in late July 2022.

The scheme, which has a GDV of £90 million (€101 million/$123 million), is situated in a core residential area of Birmingham, and provides 375 high-quality apartments, with approximately 20,000 square feet of retail and leisure space on the ground floor. PATRIZIA bought the site, which is adjacent to the iconic Edgbaston Cricket Ground, from Warwickshire Cricket Club and Homes England.

The Residences will provide excellent car parking, cycle and customer storage, as well as significant amenities, while bene

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