Construction starts on Jewellery Quarter apartment scheme
Construction has commenced at Cordia UK’s latest venture, The Lampworks.
Based in Birmingham, Cordia UK has enlisted Shropshire-based construction management practice, buildfifty5, to oversee the main construction works in collaboration with residential general contractor Pedrano UK.
The Lampworks will feature a total of 148 apartments, rated A and B on the Energy Performance Certificate (EPC) scale.
As Cordia UK’s first foray into the BTR sector, The Lampworks will present a range of one, two, and three-bedroom apartments, including affordable housing options.
Residents will have communal amenities, such as a co-working space, individual meeting rooms, a shared lounge, and a communal kitchen/diner, all furnished with modern designs and state-of-the-art technologies.
András Kárpáti, CEO at Cordia UK, said: “The Lampworks is the first development in our build-to-rent portfolio and a unique addition to Birmingham’s rental market – offering contemporary architectural design and amenities in a setting that maintains and reflects the Jewellery Quarter’s renowned heritage.
“We are excited to be working with our construction partners buildfifty5 and Pedrano UK on the project and look forward to seeing our vision for Great Hampton Street continue to come to life with new residents and independent businesses.”
Octopus Real Estate, a real estate investor and lender within Octopus Investments, has extended financial support for The Lampworks development.
Facilitated by financial advisor BBS Capital, the funding has been secured as part of Octopus Real Estate’s Greener Homes Alliance initiative with Homes England.
Nick White, head of development origination of Octopus Real Estate, said: “We’re thrilled to have provided Cordia UK with the funding needed to develop this exciting project, conveniently located close to Central Birmingham. It’s a fantastic example of the impact our Greener Homes Alliance has in supporting developers to pursue greener initiatives, and reflects Octopus Real Estate’s commitment to providing quality, sustainable homes.”
