Property
Trade mission builds homes
City Council leader John Clancy’s recent trade mission to Hong Kong and China has resulted in a second major housing boost for Birmingham. A consortium of investors from Hong Kong and Macau is to fund a
£55m cheme with the construction of a minimum of 214 apartments on a brownfield site at 21 William Street, off Broad Street, in Ladywood. The development site, known as Cedar House, comprises a former
data centre which is surplus to the council’s needs. Cllr Clancy met with the investors during a trip to Hong Kong, China
and Singapore in September this year where he outlined Birmingham’s open approach to Asian investment, particularly residential development in the city. The council leader’s visit has already resulted in a £2bn agreement
with Chinese property development company Country Garden to deliver significant new housing stock in Birmingham and the surrounding area. Now the William Street deal further enhances Birmingham’s growing
links with China - in the last five years, the city has secured more Chinese investment projects that any other regional city (23 investments safeguarding over 1,400 jobs). Cllr Clancy said: “This is excellent news and demonstrates that Birmingham is open for business in a challenging post-Brexit landscape. Coming on top of the £2 billion agreement with Country Garden to deliver much-needed homes for our citizens, this is proof that Birmingham can attract global investors. “In the past month we have announced plans to build almost 1,000 apartments in Digbeth, at the Connaught Square development, and unveiled proposals for the £400 million Greater Icknield and Smethwick Housing Growth Prospectus which will deliver 5,000 new homes.”
We at Birmingham Rooms cater for the needs of young professionals and business people coming to Birmingham
We work with a lot of Investors who are willing to invest in real estate. We are specialist developers in building Houses of Multiple Occupation, studio flats and 1 bedroom flats around Birmingham.
We have got our own power teams of builders, mortgage brokers, solicitors, letting agents, maintenance and housekeepers.
We look forward to working with investors who would like to invest in real estate for a fantastic return on their investments.
Subhajit Sengupta (Subhs) Director Birmingham Invest Properties Limited
Birmingham-Rooms
Office address: Suite 22 • First House • 1 Sutton Street • Birmingham B1 1PE
www.Birmingham-Rooms.com
www.Birmingham-Servicedapartments.co.uk Office Phone: 0121 692 1340 • Office Mobile: 07401 566 019 December 2016/January 2017 CHAMBERLINK 59
Go ahead (l-r): Carl Potter (GVA); Shaun Gale (Birmingham City Council); Ben Gray and Robert Caddick (both Arden Cross); and Ian Stringer (GVA)
Arden Cross scheme is one step closer
The Arden Cross Consortium has taken an important step forward in the delivery of its vision for one of the country’s most important strategic development sites, with the appointment of GVA. The commercial property
division of the leading real estate advisor has been selected to provide strategic advice on the 350 acre Arden Cross development site. Arden Cross constitutes a
strategically important triangular development site bounded by the M42, A45 and A452, and adjacent to Birmingham Airport.
The site has been earmarked as
the home of the HS2 Interchange Station. The station itself will only constitute a small percentage of the overall site and the landowners are keen to ensure a long-lasting legacy. Ben Gray, project director for the
Arden Cross Consortium, said: “While HS2 will be responsible for delivering the Interchange station at Arden Cross, it’s important for us to ensure that the remainder of the site is properly utilised to maximise related economic growth, best meet the demands of the West Midlands region.”
Sector Focus
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