Leading commercial property developer and regeneration specialist, Complex Development Projects (CDP), has revealed the current status of their multi-million-pound apartment scheme in Birmingham’s Jewellery Quarter.
CDP is set to deliver 30 one, two and three-bedroom apartments ranging from 475 sq ft to 1,603 sq ft after securing a £4.2 million loan from the West Midlands Combined Authority’s – Collective Investment Fund (WMCA: CIF)
Commenting on the design and style of the apartments, Ben Harrabin, a Director at CDP said: said: “The striking brick elevations will reflect the former heritage and style prevalent in them Jewellery Quarter with a mix of designs that give the appearance of several buildings.
“This is an exciting but challenging scheme within a Conservation Area as when we acquired the site we inherited a number of problems from the earlier proposal for a hotel and this has meant there has been a great deal of preparatory work to adapt it to the new proposals.
“The steel frame and intermediate floors have now been completed, and we hope the first
residents will move in July 2020.”
In addition to the £4.2 loan, Greater Birmingham and Solihull Local Enterprise Partnership’s ‘Unlocking Stalled Housing Sites Programme’ also gave CDP a £450,000 grant.
Highlighting why they sponsored the project, Gerald Gannaway, Property Investment Director at Frontier Development Capital, said: “We’re delighted to support this innovative scheme, which will provide a high-quality development offering a good mix of housing sizes, on a formerly derelict and overgrown site. The sympathetic design in keeping with the Conservation Area makes it particularly
“This is a prime example of how the West Midlands Combined Authority’s property funds can working in conjunction with the local LEP, be a catalyst for regeneration projects across the region, especially schemes that might otherwise be deemed by traditional lenders as too challenging to progress.”
The new homes are located next to the award-winning Grade II listed craft beer pub, the Pig & Tall, in the heart of the Jewellery Quarter.
The new development marks a return to the Jewellery Quarter for CDP’ directors who both played a part in the 1980s and early ’90’s regeneration of the area.
Featured Image: (Left-Right), Cllr Bob Sleigh (Deputy Mayor of the West Midlands), Gerald Gannaway (Property Investment Director at Frontier Development Capital), Brian Harrabin (Director at Complex Development Projects) and Andy Green (Investment Director, Finance Birmingham)