View guides

Birmingham Housing Scheme Secures £24m Funding

Posted by Calum Martin in ,

Image courtesy of Flickr, Creative Commons

A purpose-built student accommodation scheme in Birmingham has received funding from Singaporean construction group, Woh Hup Holdings.

The Dogpool Lane scheme is a £24m managed residence under development by the Alumno Group, which aims to accommodate the growing number of students in the city.

The scheme will comprise a mix of single-occupancy studio rooms and mixed-sized clusters for almost 170 students.

The Woh Hup construction business, which was founded 95 years ago, has prior experience in the PBSA sector, with developments in York, London and Bristol.

Wo Hup launched the Paideia Capital UK Trust partnership with Metro Holidings and Lee Kim Tah in 2020, with the aim to acquire PBSA assets in the UK. Sites in Warwick, Bristol, Glasgow, Exeter, Durham and London have since been acquired.

Glenn Howells Architects, who are regular partners with the Alumnmo group, will design the building.

Alumno managing director David Campbell commented: "I'm delighted that we have secured funding from Woh Hup for this project, which will provide an economic boost to local businesses and deliver much-needed accommodation for Birmingham's growing student population."

"As with all our developments, we have worked closely with the surrounding community and local authority to ensure the scheme enhances this vibrant area."

Commenting on the financing of the project, Phil Johnson at Woh Hup stated: "We believe high-quality purpose-built student accommodation in the UK offers great opportunities to investors. We are excited to be partnering with Alumno, an outstanding and pioneering developer specialising in this area, and look forward to growing the relationship."

The development is expected to be completed in time for the 2024 intake of students.