Court Collaboration under offer at New Garden Square

Birmingham developer Court Collaboration is under offer to acquire a 400-home development from Calthorpe Estates and U+I at Edgbaston’s New Garden Square for £11m. Court Collaboration has entered into a period of exclusivity with sellers, and has yet to exchange contracts. The price could vary, depending on pre-planning guidance from Birmingham City Council regarding the number of units to be proposed on a reserved matters application. The 10.7-acre site on Hagley Road has outline planning for 400 homes, with an estimated end value of more than £100m. Court Collaboration will seek to deliver a build-to-rent scheme of at least 375