Birmingham Development Sold Out Whole Year Before Completion

Birmingham city centre development St Martin’s Place is almost sold out off plan, one year ahead of its projected completion.

Of the 228 one-three bedroom apartments less than five per cent now remain unsold.

The development will offer a residents only gym, WiFi lounge and private cinema plus a courtyard garden. It neighbours the city’s business, financial and professional services district, Calthorpe Estate, and the Park Regis Hotel which will provide hotel-style amenities to the residents.

Andy Foote, Director at developers SevenCapital, says: “When we revealed our designs and plans for this fantastic development one year ago, we knew we were launching a truly unique offering for the city – something that the city had never seen before. We’re very pleased that the development has been so well received so quickly. It proves Birmingham’s growing status as a place for people to live, work, play and invest.

“This city is truly world class, which has been proven by its recent coup of being chosen as host city for the 2022 Commonwealth Games – which future residents of St Martin’s Place will be perfectly placed to enjoy. As the city continues to develop, with so much still in the pipeline, it will continue to attract people looking to make Birmingham their home. It’s a very exciting time.”

Almost selling out a whole development a year up front might be considered something of an achievement in the current Brexit-uncertain market. It could indicate the underlying confidence there is in the future of Birmingham, as well as an underlying shortage of this type of property in the city.

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Source Seven Capital
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