Summary:
- Secure Trust Bank Real Estate Finance has provided a £13 million loan to Vita Group, supporting the redevelopment of The Goods Station site at The Axis, Birmingham, a key location near Birmingham New Street Station and part of the Central Birmingham Framework 2040 regeneration plan.
- The approved mixed-use scheme includes 990 homes, a 221-bed aparthotel, a 720-bed purpose-built student accommodation block, and one acre of public space, with building heights up to 49 storeys designed to optimise daylight and integration with the surrounding area.
- The loan required careful structuring due to site complexity and market conditions, with drawdown completed six weeks after sanction, reflecting Secure Trust Bank’s tailored approach to financing regeneration projects in major urban centres.
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