BNP Paribas Real Estate announced that it has launched a Birmingham mixed-use development site with a GDV of £50m+ to market, on behalf of Sama Investment Group PLC for offers in excess of £7.525m. 

The development site located on Pershore Street, within Birmingham city centre, within its Chinese Quarter, comprises an 0.31 acres (0.13 hectares) vacant plot and comes with newly granted planning consent for 301 self-contained PBSA units over 15 floors, with communal space and retail units on the ground and first floors.

Andrew Screen, head of residential capital markets at BNP Paribas Real Estate, said: “Investing in Birmingham’s city centre and PBSA offers a compelling case to developers and investors looking to secure strong occupancy rates and sustainable rental growth. The wider area is undergoing significant development with Pershore Street offering the chance to secure a well located, “plug in and play” development site, with an immediate start on site in an attractive location neighboured by major universities, a rich cultural scene, and supported by excellent transport links.  

“The student sector continues to demonstrate its counter-cyclical proposition with the demographic drivers and supply issues continuing to drive activity.  We are currently seeing high investor demand for PBSA in city centres that contain Russell Group and/or STEM universities and expect extensive investment into PBSA in 2025.”