Birmingham-based developer and investor Sama Investment Group is partnering with Lambert Smith Hampton - a commercial and residential real estate consultancy and agency - for the sale of its Lawson Street purpose-built student accommodation (PBSA) properties.
The scheme – which offers 184 studios in an eight-storey building – is located at the corner of Lawson Street and Staniforth Street in Birmingham’s city centre, and is 150 yards away from Aston University. Birmingham City University’s campus is also located nearby.
A range of amenities are on offer for the students living there, including a gym, yoga room, games room, lounge, study area, communal garden, roof terrace and communal lounges on the upper floors.
The appointment with a major City agent marks another important milestone for Sama, and is a strategic move for Sama as its proposals for 1 Lancaster Circus progress through the planning process.
Bilal Ahmed, executive chairman and founder at Sama Investments, said: “We carefully selected Lawson Street to deliver market-leading returns to our clients and investors alike, and anticipate strong interest. It offers the opportunity to capture market demand, with the plans for the scheme also supporting and retaining the identity of the surrounding area.
“We pride ourselves on being specialists in breathing new life into brownfield real estate across Britain’s regions, creating long-lasting value for investors and communities.”
Simon Wilson, senior director and head of living and capital markets at Lambert Smith Hampton, said: “We are delighted to be able to work with Sama Investment Group to bring this exciting PBSA scheme to market which will add some much-needed stock to Birmingham’s thriving student population. It is our belief that this is the right location to explore the potential for co-living with the City Council.”
Richard Durkin, director of capital markets, Birmingham, at Lambert Smith Hampton, said: “The combination of quality accommodation in an outstanding location makes this scheme an attractive and excellent investment opportunity particularly when you consider the strength of the residential market in Birmingham.”
