Knight Frank has completed the sale of a residential development site at Edgbaston, Birmingham.

The site, which has a gross development value (GDV) of £16m, has been acquired by WB Property Group Limited, on behalf of the Citizen Housing association.

The site has planning permission for 10 townhouses and 42 flats with associated car, cycle and motorcycle parking.

A WB Property Group spokesperson says:

“We look forward to bringing this ambitious and socially impactful scheme to life, and ultimately creating much-needed high quality, affordable homes for families in the region.”

Work will take two years.

And a spokesperson for Residential Development at Knight Frank, adds: “This sale demonstrates the continued strength of the Birmingham residential development market, particularly for sites with planning permission already in place, which helps to accelerate delivery timescales. 

“The scheme’s mix of townhouses and apartments, combined with its excellent connectivity to both the city centre and the M5, made it highly attractive to developers.

“With the upcoming SPRINT transport route and proximity to major employment hubs including the Queen Elizabeth Hospital and the Colmore business district, this scheme is well-positioned to meet strong demand for quality homes in Edgbaston.”