Edgbaston property deal signed

Edgbaston property deal signed

The vicinity of Edgbaston Cricket Ground has seen plenty of construction activity in recent years, and more is on the way with news of a new deal to build an apartment complex next to the stadium.

Warwickshire County Cricket Club has clinched an £85 million deal with property investment firm Patrizia to develop 375 build-to-rent homes on a four-acre plot next door to the venue. It will be the latest residential development next to the ground after a couple of previous apartment projects helped fund the construction of new stands at the ground itself. 

Patrizia has bought two plots, one of which was owned by the club and the other by the Homes and Communities Agency. It is keen to establish properties in a popular area of Birmingham close to the University and the city centre, with chief executive James Muir describing the district as an "established and thriving part of Birmingham" with good links to places of entertainment, dining and employment.

Speaking about the project, chief executive of Warwickshire County Cricket Club and Edgbaston Stadium Neil Snowball said: "The announcement of this new development is another key stage in our 20-year Edgbaston Stadium Masterplan that started in 2010 with the £32 million investment in the stadium."

He added: “The apartments and retail outlets combined with the new entrance and plaza will make this part of Edgbaston, and the stadium in particular, a 365-days-a-year destination and further enhance our match day experience."

The development of the stadium has given it a capacity of 25,000 - the largest of any UK cricket ground outside London. Edgbaston has upgraded, as have the other established international grounds in England such as Old Trafford, Headingley, Trent Bridge, Lord's and the Kia Oval in order to sustain international cricket. These venues are now facing rivalry from three grounds that have hosted their first Test matches in the 21st century, in Chester-le-Street (County Durham), Cardiff and the Ageas Bowl near Southampton.