Birmingham development topped off and sold out a year ahead of completion

SevenCapital’s Birmingham city centre residential development St Martin’s Place has sold out a year ahead of expected completion.

Construction on the development, which sits adjacent to SevenCapital’s Park Regis Hotel on the site of the former Five Ways Shopping Centre, began in June 2018 and is expected to complete by Q2 2021.

With 228 one, two and three- bedroom apartments across four blocks of between six and 17 storeys, the development will feature exclusive private residents’ amenities, including cinema room, WiFi lounge and a gym.

It will also offer hotel services to residents provided by Park Regis.

The building envelope is now complete, with floors laid across the development and windows fitted to all levels.

Damien Siviter, group managing director for SevenCapital said: “St Martin’s Place is a flagship development for SevenCapital, so we’re pleased to see such fantastic on-site progress from our construction teams. This is an important milestone for the project, which having sold out of all but one unit has already exceeded expectations, and everyone is working hard to ensure delivery is on time and to the highest standards.”

Steve Underwood, CEO of Colmore Tang Construction, said: “We have worked with Creagh on developing an innovative solution, which has accelerated our programme and offered significant benefits in terms of quality, safety and construction.  This project is now our 16th in the region, having delivered 3500 apartments, demonstrating our expertise and making us the contractor of choice for delivering high density residential schemes in the Midlands area.”

Seamus McKeague, chief executive of Creagh Concrete, added: “This is a proud moment for Creagh. In recent years we have moved from being just a concrete and materials supplier to a specialist subcontractor, which has opened up new opportunities. We are seeing strong interest in our Rapidres Fastrack Build System because developers now understand the true value of slashing programme times. Investors not only benefit from revenue gained by the early occupation of units but, also, from the mobility of their capital resource. Quite simply, shorter build times mean developers can complete more projects with the same pot of finance.”

Click here to sign up to receive our new South West business news...
Close