Out-Law News 1 min. read

Persimmon acquires Birmingham hospital site for 650-home redevelopment


Developer Persimmon Homes South Midlands (PHSM) has completed a deal that will see it regenerate the site of the former Selly Oak Hospital in Birmingham into a new neighbourhood with hundreds of homes.

The developer exchanged contracts this week with the University Hospitals Birmingham NHS Foundation Trust to acquire the 17 hectare site, for which outline permission was granted in 2013 to create a new neighbourhood with up to 650 homes, a mixed-use centre with shops and offices and nearly four hectares of public open space.

Detailed plans for the first phase of development, including 98 homes and a new cricket pitch and pavilion, were submitted to Birmingham City Council last month.

PHSM managing director Andy Peters said, in a statement: "We are investing £100 million in this iconic site and look forward to beginning work on what will be a six- to seven-year long project that will breathe new life into Selly Oak and create up to 1,560 jobs."

"It is an exciting opportunity for us as developers to build homes which meet local needs and reflect the history and unique situation of the site, integrating into Bournville and the surrounding areas," Peters said.

Pinsent Masons, the law firm behind Out-Law.com, has advised PHSM on the acquisition and development of the site. Pinsent Masons real estate expert Tom Johnson said: "The Selly Oak Hospital site is one of the largest strategic housing sites to come forward in the city for some time and its redevelopment will make a significant contribution towards meeting Birmingham's housing shortage."

"This investment by Persimmon also comes at a time when Birmingham is increasingly recognised as an investment hot spot in the UK and is part of a welcome resurgence of confidence in the city and the region," Johnson said.

Work is expected to start on site in April.

We are processing your request. \n Thank you for your patience. An error occurred. This could be due to inactivity on the page - please try again.