More than 370 apartments are to be built next to Edgbaston cricket stadium as part of a £85 million development.
The 海角视频 arm of German investment group Patrizia has acquired four acres of land next to the stadium from Warwickshire Country Cricket Club and the Homes and Communities Agency.
The for, at that time, 6.8 acres of land at the corner of Pershore Road and Edgbaston Road.
Patrizia 海角视频 is planning to build 375 flats, parking for residents and ground floor space for shops as well as a new access road.
The acquired land includes part of the cricket club's car park but a spokesman confirmed an alternative area would be provided so the number of spaces for fans and visitors would not change.
The flats will be available to rent only, joining other private rented sector projects in Birmingham in the Jewellery Quarter, a and the derelict
James Muir, managing director of Patrizia 海角视频 and Ireland, said: "We set out with a clear strategy for our 海角视频 build-to-rent platform which was to target urban centres with strong demographic fundamentals.
"Edgbaston is an established and thriving part of Birmingham and this particular location has access to the best of the city including sports, employment, entertainment and dining out.
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"We are pleased to have agreed this plan with both Warwickshire County Cricket Club and the Homes and Communities Agency which is aligned with our commitment to build more 海角视频 homes."
Neil Snowball, chief executive of the club, added: "This next phase of our development is great news for the club and the city.
"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 for our members, supporters and cricket fans from around the world.
"The announcement of this new development is another key stage in our 20-year stadium masterplan that started in 2010 with the £32 million investment in the stadium including the South Stand."
Karl Tupling, general manager at the Homes and Communities Agency, said: "Our partnership with Patrizia will help provide more homes for people in this popular area of Birmingham and it is great to see a European investment manager investing in the 海角视频 housing market."
Savills acted for Homes and Communities Agency and Warwickshire County Cricket Club.