New property investment group launches city centre developments

Three new developments have been launched across the Midlands by new property investment group Joseph Mews. 

Delivering residential and off-plan property across the UK, Joseph Mews, based in the Jewellery Quarter, will work with developers in bringing projects to market and will aid investors in building wealth through property through market research and investment consultancy.

Lockside Wharf

One development launched is the Lockside Whark site in Birmingham. Some 61 waterfront apartments have been built by Consortia Developments with a mixture of one-, two- and three-bedroom available. The development, created from the restoration of a factory, is said to preserve its industrial heritage in the Jewellery Quarter. 

Joseph Mews have forecasted a 24.5% price growth by 2026 and yields above 5% for the development.

Chairman Andy Foote said: “Our focus will be on delivering quality developments alongside quality developers, working closely with capable and trusted partners to bring the most exciting projects to our investors.”

Another development launched is the first release of the Nightingale Quarter in Derby. The Pavilion, compromising 70 open-plan one- or two-bedroom apartments is surrounded by gardens.

The Pavilion

Joseph Mews says the development has been specifically positioned as a gateway into the scheme surrounded by amenities such as a gym, restaurant and play areas. The company was appointed by the developer, Wavensmere Homes to market The Pavilion.

In addition, Joseph Mews will also market the Nightingale Quarter itself, following the appointment by Wavensmere Homes. Set at the UK’s largest city-centre regeneration site, rental income has grown in Derby by 8% in the last year. 

Nightingale Quarter

Featuring 425 new apartments including those from The Pavilion, the Nightingale Quarter is a restoration of the Derby Royal Infirmary, located between ‘two iconic pepper pot buildings’. 

The off-plan investment opportunity has been predicted to grow its property price by 24% by 2025.