A property development group has acquired land in Birmingham city centre earmarked for a new residential complex.

High Street Residential has bought the larger of two plots on the former Kent Street Baths site, off the A38 Bristol Street, for £19 million, adding to the deal it signed last August to buy the smaller section.

Both plots were acquired from Lupa Land which first announced its plans for the derelict site in 2017.

Planning permission was granted a year ago for 98 apartments for private sale and a further 406 apartments to rent in a complex reaching up to 19 storeys.

But High Street Residential said detailed plans were now being drawn up for the site which could see up to 580 apartments built for rent only.

CGI of previous plans to redevelop the Kent Street Baths site
CGI of previous plans to redevelop the Kent Street Baths site

The complex would have two buildings and also include commercial space in a £133 million development.

A revised planning application is due to be lodged with Birmingham City Council by this summer.

The baths opened in 1852 and it was the first public swimming facility and wash house provided by the Birmingham Baths Committee.

In 1930, the older structures were demolished to make way for a new building containing swimming pools and Turkish and Russian baths but these closed and became derelict before being demolished in 2009.

 

High Street Residential's chairman Gary Forrest said: "Almost 19 per cent of the UK population is renting privately and this figure is expected to grow significantly.

"In response, we are creating high-quality living spaces, future proofed through the use of the latest smart technologies.

"Our developments will support the huge regeneration initiative under way in the south of Birmingham, providing attractive homes for those working in modern jobs being created by a fast developing hi-tech sector.

"They also offer extremely attractive investment opportunities with yields and capital growth in excess of seven per cent per annum."

How Kent Street Baths looked prior to demolition
How Kent Street Baths looked prior to demolition

It is the fourth Birmingham land deal signed by the property group, which is based in Newcastle-upon-Tyne, and represents a development pipeline worth around £300 million and 1,300 units in the city.

It has previously acquired land at the corner of Holloway Head and Bulcher Street, where 487 apartments will be built, and the Westminster Works site, in Alcester Street, Digbeth, where 220 apartments are being developed.

High Street Residential said large institutional and wealthy private investors had already committed to buying the apartments when completed.