Proposals to sell three developed plots on the Perry Barr Residential Scheme (PBRS) to a third-party are due to be considered by the council’s Property Cabinet Sub-Committee on 8 August.
If approved, this will bring an additional 755 new apartments onto the market, with many ready for immediate occupation. It is anticipated that a range of tenures will be on offer, and this will make a considerable contribution to the supply of housing in the area.
Earlier this month, Cabinet approved recommendations to retain 213 newly built homes for council housing use, providing a welcome boost to the supply of council homes. This will bring a total of 968 new homes into use on the Perry Barr Residential Scheme (PBRS).
The proposals being brought forward for approval follow on from a review of the scheme’s disposal strategy and an active period of the plots being marketed for sale to professional investment managers and operators.
Cllr Sharon Thompson, Deputy Leader and Cabinet Member for Economy and Skills, said:
“As someone who visits Perry Barr regularly, I know the area has been transformed in recent years and is now a destination of choice for visitors or for those wishing to relocate.
“The investment in Perry Barr has brought massive benefits locally with upgraded public transport links, the stunning redevelopment of the Alexander Stadium and this deal will now deliver better housing choices for local people."
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