Barberry unveils further £60 million homes development at MIPIM
Barberry Developments today (Wednesday, March 13) announced it is continuing its transformation of part of Coventry city centre as it unveiled plans to build around 300 apartments next to its £100 million student accommodation scheme.
The new plans for Bishop Gate East were revealed at MIPIM – the world’s biggest property development and investment show in Cannes – where the company is part of the Coventry and Warwickshire MIPIM Partnership.
Barberry director Henry Bellfield said the latest exciting development will see 260 apartments delivered across three blocks of up to 14 storeys on the Dale Buildings site in Cook Street under a £45 million build-to-rent scheme.
Under the new proposals, Bishop Gate East will also include a development of six townhouses with 72 student bedrooms and a further block of 34 apartments.
A planning application is expected to be submitted to Coventry City Council later this year. It brings the gross development value of Barberry schemes in Coventry to over £165 million.
“Coventry is going through an exciting renaissance and we are delighted to be playing a significant role in the comprehensive transformation of this quarter of the city by delivering outstanding accommodation options.
“This phase of our Bishop Gate redevelopment promises to deliver almost 300 high quality apartments and six townhouses comprising 72 student bedrooms. It will provide much-needed homes for local people which will help to revitalise the 24-hour economy in the heart of the city.”
“Bishop Gate East will continue the regeneration of an area of Coventry that was in desperate need of redevelopment and will help to promote the city’s reputation as a leading location to study, to live and to do business after being voted the City of Culture 2021.”
The new plans were unveiled for the first time at MIPIM during a meeting of Barberry directors and Coventry council officials. It is the eighth year that Barberry has attended MIPIM as part of the Coventry and Warwickshire Partnership, which is made up of more than 20 companies and organisations representing the area.
Phase one of Barberry’s £100 million Bishop Gate student accommodation development is on course to be completed in time to welcome students to the city in September. The first phase will deliver 725 residential units for Coventry University students in time for the start of the academic year.
The three major towers have been substantially completed and the tallest of the three towers at nearly 165ft already has several entire floors completed ready for handover.
As well as student accommodation, the development includes retail units for a convenience store and coffee shop, a large communal area and a gym.