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2023 Investment Prospectus

Perry Barr Regeneration Birmingham

Perry Barr was at the heart of the Birmingham 2022 Commonwealth Games, with the redeveloped Alexander Stadium hosting the athletics as well as the memorable opening and closing ceremonies.

More than £700m of public sector investment has been a catalyst for growth in the area, with the Perry Barr 2040: A Vision for Legacy masterplan setting out strident plans for new homes, attractive green spaces, and the creation of a diverse, high quality town centre at the heart of Birmingham’s best-connected suburb.

OPPORTUNITY

Within and adjacent to the masterplan area there is some 60 hectares of brownfield land which will provide for more than 5,000 new homes and associated and supporting uses over the next two decades.

Promoter: Birmingham City Council

Scale: £180m GDV (Phase One of the BCC Residential Scheme)

Sector: Residential led regeneration, with opportunities for supporting commercial uses

Location: Perry Barr, Birmingham

Investment Type: Development partner/funder; Equity investor

Programme: 2018 – 2040

Planning Status: Full planning approval in place for Phase 1 of the residential development, along with outline consent for Phase 2. The wider regeneration of Perry Barr will be guided by the

Perry Barr 2040: Vision for Legacy masterplan adopted in February 2022

Website: www.birmingham.gov.uk/perrybarrregen

BACKGROUND

Identified as a key area of growth in the Birmingham Development Plan the city is capitalising on the opportunity of hosting the 2022 Commonwealth Games to transform Perry Barr. This transformation is a key legacy outcome for Birmingham.

Following on from the existing £700m infrastructure investment the Perry Barr 2040: A Vision for Legacy Masterplan identifies a clear vision and principles for the future and sets out a series of development and placemaking projects which will support additional housing growth including:

  • Delivering or creating the conditions for the delivery of some 5,000 new homes.
  • Connecting and maximising the value of green spaces, allotments, and the natural environment.
  • Supporting sustainable employment activity.
  • Reducing carbon emissions.

DESCRIPTION

Construction of the first phase of the Perry Barr Residential Scheme is under way and the first new homes will soon be ready for occupation. 968 1- and 2-bedroom apartments are being delivered for sale and rent across a broad variety of tenures including “later living”. Of the new homes under construction, 312 will be Affordable, and up to 49 are being made available for purchase at 70% of market value through the Government’s First Homes pilot.

Additional development plots within Phase 1 have consent for a range of apartments and family homes, which will come forward on a phased basis. Phase 2 has outline consent for up to 500 homes, mainly family housing-led and will come forward as a series of plots with opportunities for innovation in unit type and delivery mechanisms.

The sites at nearby Birchfield Gateway have the potential to deliver some 400 new homes as well as a range of commercial, community or mixed use facilities at ground floor, re-activating this part of the Perry Barr Urban Centre. This will create a distinctive new gateway to the area at a key junction.

Within the heart of Perry Barr there are opportunities for a range of commercial developments which will enhance the offer for residents and visitors, provide a more diverse town centre, and improve links across the area. More widely there are a range of further opportunities for residential development. As part of the Masterplan the Council and its partners are developing a strategy to unlock the development of sites outside its ownership.

PROMOTER AND PARTNERSHIPS

Birmingham City Council is assembling key sites for delivery and will work with other landowners to unlock opportunities. The plans for the area have strong support from West Midlands Combined Authority, Homes England, Sport England, and the UK Government, and have attracted partner funding.

LOCATION

Perry Barr centre is 3 miles north of Birmingham City Centre – a 15-minute journey by train or Sprint bus. Local cycle and walking links are among the best in the city and are set to be further improved.