Henry Boot : HBD and CBRE seek funding for 414-unit BTR in Birmingham

Property developer HBD has appointed CBRE to seek a forward funding partner for Neighbourhood, a 414-unit BTR scheme in Birmingham.

Located in the sought-after Jewellery Quarter, the £140m development secured detailed planning consent in March and is billed as one of the city's most exciting new schemes.

It will see the regeneration of a key 2.6-acre site in an area named one of the UK's coolest new neighbourhoods, creating a mix of one, two and three-bed apartments alongside a double-height winter garden, urban greenspace and some of the best amenities in the city.

Residents will enjoy private gardens and roof terraces, social spaces, a gym, lounge, work from home areas and a dedicated concierge.

The circa 6,100 sq. ft. commercial element is also an important aspect of the scheme, with a carefully curated mix of independents nestled within landscaped gardens.

CBRE is seeking a forward funding partner for the delivery of the scheme over a 30-month build programme, with PC anticipated in Q3 2026.

Stuart Eustace, Director at CBRE, said: "Neighborhood will give investors access to demonstrable scale and a unique opportunity to deliver a sense of place via the circa 14,000 sq. ft. of private external resident's amenity and 22,000 sq. ft. of outdoor public space that will be created as part of the scheme.

"The Jewellery Quarter has undoubtedly become the most established residential address since the renaissance of city living in Birmingham. It's a pocket of the city that enjoys unique charm, along with easy access to the Central Business District, Paradise Birmingham and Arena Central, and a bourgeoning F&B offer.

"We're pleased to be working with such a credible developer with huge multidisciplinary experience at a time when confidence in a counter parties' ability to see through key changes in regulation whilst providing the security of a strong balance sheet, are at a fore for the funding market."

Hamer Boot, Executive Director at HBD, said: "Neighbourhood is a best in class BTR scheme that reflects HBD's strategy to create thoughtfully designed, sustainable communities. Large-scale urban regeneration is a major pillar of our development strategy and will remain a focus as we continue to expand our £1.25bn pipeline within key UK cities.

"We've no doubt Neighbourhood will prove a hugely popular destination, replicating the success of our multi award-winning Kampus scheme in Manchester."

Birmingham is a key focus for HBD as it grows its development pipeline and its investment portfolio across the UK. The Birmingham City economy is forecast to grow 16.9% over the next 10 years according to the UK Powerhouse Report.

Part of the Henry Boot Group, HBD is one of the country's most active developers. It is underway with several large-scale, high-profile urban regeneration schemes across the UK. It is best known for Kampus, a £250m multi-award winning scheme that saw the creation of Manchester's newest neighbourhood.

Neighbourhood is HBD's second high-profile residential project in Birmingham's Jewellery Quarter, with Setl, a 102-unit scheme, already well underway.