Birmingham’s specialist residential developer – Court Collaboration – has completed a Section 106 agreement related to its recently approved Stone Yard scheme. The agreement means another key step has been taken toward the delivery of 995 new apartments in Digbeth – with 10% of the Build to Rent homes now offered as affordable housing, and an additional community benefit to the value of £5m.
“People and communities have always been at the core of our ethos at Court Collaboration, so we remain committed to delivering schemes which are much more than just bricks and mortar.
“Stone Yard will be just that and will encourage the best of ‘work, live and play’ with a range of potential leisure and retail opportunities. Therefore, we’re delighted to have completed the Section 106 agreement and committed to the affordable housing in the scheme. We look forward to starting work on site in Q1 2021.”Anthony McCourt, CEO, Court Collaboration
The Stone Yard Build to Rent scheme will see the regeneration of the former Bull Ring Trading Estate site on High Street Deritend. It will deliver a complex of seven separate buildings – with a mix of one and two-bedroom homes.
The scheme – designed by Glancy Nicholls Architects – will have two landscaped courtyards offering extra space for residents to enjoy the open air and take in the hustle and bustle of city centre living, as well as a new pedestrian boulevard flanked by the commercial space.
The development will also include circa 30,000 sq ft of commercial space for uses such as a gym and cinema, co-working space designed to support the city’s abundance of entrepreneurs and SMEs, and a facility for the Irish community following the closure of the iconic Irish Centre earlier this year.
Court Collaboration – based in Birmingham – owns and manages £1bn of residential real estate developments across the West Midlands and throughout the UK. As of October 2019, the company has 15 active developments across Birmingham, Leeds, Sutton Coldfield and Wolverhampton, with circa 7,000 residential units on site or at planning stages with more to follow.