Major mixed-use Jewellery Quarter scheme takes a step closer

Cordia Blackswan has handed over its Jewellery Quarter site to Legal & General and SRM in a move which will bring forward a major mixed-use scheme to the area,

The Birmingham-based developer handled the Hockley Mills site and guided the project through the planning and funding process.

Hockley Mills is set to house 395 BTR apartments, as well as 28,000 sq ft of commercial space for leisure and offices across four acres and eight buildings.

The £100m investment from L&G means that the project now has the capacity to proceed to the building phase to create a new living space in the heart of Birmingham’s Jewellery Quarter.

Marcus Hawley, managing director of Cordia Blackswan, said: “It’s been a great achievement to get the Hockley Mills project through the tough planning stages, and finding funding for the project. As part of our ongoing vision, and in alignment with our partnership with Cordia, we will now be focusing on other projects within Birmingham and the Jewellery Quarter.

“We are now streamlining our focus to our other sites, such as the Gothic and negotiating the acquisition of several new sites across the city”

Cordia Blackswan was recently acquired by Hungarian-based property developer Cordia in what is its first venture into the UK market.