The company has acquired a site in the Southside area to deliver the £85 – 100 million Kent Street Baths Build To Rent (BTR) residential scheme.
Designed by Glenn Howells Architects, the project will be developed on a 450,000 sq ft site over 15 floors under CLI's new Hygge brand. Other features include retail and leisure facilities at street level.
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The scheme also contributes to the ongoing regeneration of Birmingham, with CLI planning to deliver 5,000 new BTR homes over the next five years.
Declan Mackle, Chief Executive of Camborne Capital Group, said: "The securing of a premium, central site in Birmingham is a strong start for CLI. The Kent Street Baths development epitomises the site and location characteristics that we are looking for across our portfolio, and represents a unique opportunity to build a strong, thriving rental community in the heart of one of the UK's leading cities.
"We are proud to be participating in the exciting regeneration of Birmingham. The city is a major focus of real estate investors not just in the UK but internationally at present."
(LM/MH)
