Senior debt facility to fund development. Timber Yard, located in Birmingham’s city centre Southside district, is a mixed-use scheme. Planning permission is in place for 379 residential units and 6,257 sq ft of commercial space at ground floor level on a 1.58-acre site. The development, designed by Claridge Architects, will comprise two residential buildings and will exhibit signature designs providing premier specifications. The East Block, the first release, will feature 219 studio, 1, 2 and 3-bedroom apartments. The West Block will feature 160 studio, 1 and 2-bedroom apartments.
Galliard is a highly regarded, award-winning UK housebuilder of significant standing.
Commenting Jonathan Morgan, Director of Investment & Developments, Galliard Homes:
“We have been overwhelmed by the level of interest and sales achieved at Timber Yard, and Birmingham has undoubtedly emerged as the hottest residential market in the country at present. This is Galliard’s first construction start in the city from a wider portfolio and we are pleased now to be in the delivery phase of this pipeline. We have been particularly impressed with Urban Exposure’s approach to meeting our funding requirements and look forward to their continued support as we launch further developments in the future.”