Timber Yard reaches another milestone as it is topped out
Timber Yard, Galliard Homes’ and Apsley House Capital’s new residential apartment development in Southside, Birmingham, has achieved a major construction milestone.
The scheme, which comprises 379 studio, one, two and three bedroom apartments, plus ground floor commercial space, has officially topped-out, just one year after construction started.
To mark the milestone Cllr Ian Ward, leader of Birmingham City Council, filled in the last section of cement. He was joined by Cllr Gareth Moore, Conservative member for Erdington, Don O’Sullivan, chief executive of Galliard Homes, and Gerard Nock, chairman of Apsley House Capital.
Cllr Ian Ward said: “The topping out of the exciting Timber Yard development represents another important step in the re-emergence of Birmingham’s Southside and in our efforts to provide homes for Birmingham’s young and growing population.
“We need 51,000 new homes in Birmingham by 2031 and I’m determined that the city council will continue to play a major role in meeting that housing challenge. But we also need committed partners on this journey and, by forging successful partnerships with developers, such as Galliard Homes and Apsley House Capital, we are helping to deliver the new homes the city so desperately needs.”
Timber Yard is the first development in Birmingham by joint venture partners Galliard Homes and Apsley House Capital. Located on Pershore Street, in the heart of Southside’s Chines and Gay Quarters, in addition to the spacious apartments the development includes a range of on-site amenities, including a concierge service, gym, screening room, residents’ club lounge and undercroft parking.
Seventy per cent of the scheme, including 90 per cent of the East Block and 40 per cent of the West block, is already sold, with sales totalling more than £70million. The nine ground-floor commercial units have also been sold.
Don O’Sullivan, chief executive of Galliard Homes, said: “Timber Yard typifies the high standard and quality of Galliard Homes’ residential developments and will be an exemplar for our other schemes in the city.
“Galliard has been building new homes in London for almost 30 years and we hope Timber Yard will be the start of a long and successful relationship between ourselves, our partners and Birmingham in the years to come.”
Gerard Nock, chairman of Apsley House Capital, said: “This is the first development we are building in partnership with Galliard Homes and we’re pleased with how well it has been received by buyers.
“With a development pipeline of some 3,000 new homes, we are committed to helping the council deliver the housing the city so desperately requires, while also helping to create and shape new communities through positive urban regeneration.”
The joint venture between Galliard Homes and Apsley House Capital was formed in 2016 with the aim of acquiring brownfield sites in the West Midlands to provide quality mixed-use schemes. The partnership has already amassed a sizeable portfolio, with five sites in
Birmingham, with a gross development value in excess of £500 million.
At Soho Loop, planning permission has been granted for more than 750 new homes and 10,000 sq ft of commercial space, while at St Paul’s Quarter work is due to start this year on a residential-led, mixed use scheme of 305 apartments and 100,000 sq ft of commercial space.
Other sites include Belgrave Middleway and B1 Summer Hill Way.
Timber Yard is scheduled for completion in 2021. Prices for the final phase of apartments start from £194,995. For further sales information please visit the Galliard Homes website or call 0121 227 7071