Birmingham Council officials have recently announced the first stage of rejuvenation to the Perry Barr area which will see improvements specifically designed to attract new business and development in the area.
The Perry Barr area consists of a number of developments, transport links including a bus and train station, a commercial district and shopping centre all of which will benefit from the £3.5 million being pumped into this area. This week will see Council bosses receive £1.9 million from a Local Growth Fund and £600,000 will go directly towards the subway works.
Speaking recently Tahir Ali, a Cabinet Member for the development stated “this scheme is about driving the process of making Perry Barr a more attractive place for people to live, work and travel. By accepting the first phase funding, we are setting the wheels in motion for this to happen”.
The Local Growth Fund was set up by the Greater Birmingham and Solihull Enterprise Partnership and is designed to make local districts more attractive to potential investors.
The news of a £3.5 million boost to the Perry Barr area couldn’t have come at a better time for investors and residents of the Grand Square development.
Grand Square is located in the heart of Perry Barr just minutes away from Birmingham City Centre and is a one of a kind development boasting communal facilities including swimming pool, gym, games room and media library for all your entertainment needs. Following the huge success of Phase One and Phase Two of Grand Square, Katar Investments have recently launched the third phase known as ‘Grand Square Studios’. We are offering high yielding returns on investment with 8% NET Returns for five years, low entry levels, a turnkey investment along with low voids.