The instruction will focus on the delivery of the BTR elements of the project.

The site covers approximately 4.15 acres.

The site includes detailed planning consent for 990 residential homes across three buildings, 720 PBSA beds, 278 bed serviced apartments, a 17,000 sq ft food hall, and one acre of public realm.

Michael Maguire, development director at Savills, commented: “Goods Station provides a rare opportunity to set a new benchmark for BTR development in Birmingham city centre, in a landmark location.

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“The recently granted planning permission will enable a true mixed-use development and a new destination for city centre living.”

In its construction phase, the regeneration of the site is expected to create circa 485 jobs in the West Midlands and will contribute around £245m to the local economy, according to Vita Group.

Once complete, the Goods Station is expected to create around 185 jobs on-site, adding circa £7.8m to Birmingham’s economy each year.

Alex Kelly, acquisitions director at Vita Group, said: “Goods Station will transform a brownfield site into a 21st century sustainable urban neighbourhood, creating hundreds of new homes, a public food hall, and an urban square for Birmingham’s residents and visitors to enjoy all year round.

“Building on our strong track record of delivering and operating high-quality mixed-use schemes — including Circle Square in Manchester — we look forward to bringing forward an exemplary, sustainable development to Birmingham.”