Savills News

Savills completes sale of 48-acre site in Birmingham

Savills, on behalf of Birmingham City Council, has completed the sale of a substantial site in East Birmingham which is set to be the new home of Birmingham City Football Club.

Certain entities managed by Knighthead Capital Management LLC (“Knighthead”) have completed the purchase of the 48-acre former Wheels site on Bordesley Park, bringing their total land holding to more than 60 acres, excluding St. Andrew's @ Knighthead Park.

Knighthead and Birmingham City FC are developing plans at the newly-acquired site for a vibrant Sports Quarter, with the intention to build a new multi-use stadium, high-performance training facilities and other mixed-use real estate development including a range of entertainment options. The development of the Sports Quarter is expected to generate over 3,000 local jobs.

The regeneration of Bordesley Green and the planned facilities for local people are central to the owners’ ambition to make a positive contribution to people from all backgrounds across the city and to play a significant role in the ongoing transformation of Birmingham’s infrastructure and skyline.

Sadie Janes, joint head of the Birmingham development team at Savills, says: “This is a major regeneration proposal for the area utilising a significant brownfield site. The completion of this deal demonstrates substantial investment in Birmingham and an ambitious vision which will bring many benefits, including future employment and a boost to the city’s GDP.”

Knighthead Co-CEO and Chairman, Tom Wagner, said: “When we invested in Birmingham City, we made it very clear that we had an ambitious vision to transform the experience for our fans and make a positive contribution to the growth and vitality of the city of Birmingham. The acquisition of the former Wheels site is an important next step in making this a reality. The plans for the Sports Quarter will bring global interest to our Club and to Birmingham as a whole. It is going to transform the future of our Men’s, Women’s and Academy teams, and the fortunes of the community that we call home. We are excited to collaborate with the fans, the local community, and key partners in Birmingham to deliver on our plans for the Sports Quarter.”

Birmingham City Council leader, Cllr John Cotton, said: "This is a huge moment for everyone associated with Birmingham City FC, and I'm sure Knighthead's ambitious vision will excite Blues fans everywhere. I want to thank our council officers who have worked so closely with the club and these exciting plans will regenerate the area, creating thousands of much-needed jobs. Hopefully, this is the first step on a journey to Birmingham once again being home to two Premier League football clubs."


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