Corstorphine + Wright is currently busy delivering the first Private Rental Sector developments to come forward in Birmingham city centre.
We’re working on three major schemes, including Panther Securities’ 1.3 acre Holloway Head residential project, which recently received planning consent from Birmingham City Council.
Featuring 487 apartments in two interconnected, 14-storey towers with 3,960 sq ft of retail on the ground floors, the Holloway Head development will provide a significant boost to city centre housing requirement.
We’ve also been appointed to design Hallmark-BY Development’s 11-storey residential tower on the site of the former Silver Blades ice rink on Pershore Street in the city’s south side. Comprising 330 apartments, the development will feature an additional 3,397 sq ft of commercial space.
Alongside these two schemes, Corstorphine + Wright, we will also be delivering a third high profile scheme of circa 350 apartments.
Unlike other rental models, all apartments in a PRS development are owned and managed by a single institutional body, ensuring a consistently high standard of quality throughout.
Jeff Downes, Director, Corstorphine + Wright, said: “There has been a good deal of discussion over the last few years regarding PRS as a delivery vehicle and whether or not it was viable. With a growing requirement for high quality city-centre living, there is now far greater security for both lenders and developers in bringing these schemes forward.
“Any residential scheme needs to be designed with consideration for both its internal space and exterior appearance, alongside the way it sits in its immediate environment. All of these schemes are set in high profile locations, so we have taken care to ensure we are delivering designs that are both contiguous with the existing style of the surrounding area, while offering an appealing, contemporary feel.”
Real estate consultancy Knight Frank has been appointed by Panther Securities to manage lettings at Holloway Head.
Will Jordan from Knight Frank’s UK residential development team, said: “The rise of PRS as a viable and attractive development model over the last 12 months has provided strong indications of just how popular city centre living is. The designs that Corstorphine + Wright have delivered for this development are contemporary and cutting edge and will resonate with occupiers looking for high quality, low-maintenance city centre living.”