Jewellery Quarter residential scheme sold to London property investor

DELPH Property Group has invested around £16m in Birmingham city centre with the acquisition of 105 luxury off-plan apartments from housebuilder Morris Homes.
 
Morris Homes’ The Quarter, which is situated in the city’s Jewellery Quarter, is the latest to be added to Delph’s property portfolio.

The development formed part of a multi-million pound investment in the area by Rugby-based Morris Homes back in 2011.
 
Delph was established in the 1950s and has built up a portfolio in excess of 1,000 properties throughout the UK.

Nicholas Belkin, head of regional acquisitions at London-based Delph, said: “Morris Homes’ The Quarter in Birmingham has been carefully selected to complement our growing portfolio of investments across the UK.
 
“We always look to acquire properties in thriving areas that offer significant investment opportunities and have potential for strong capital growth. This acquisition fits well within our investment criteria for prime locations which are unique within their local markets.”
 
Cindy Cade, sales director at Morris Homes, added: “The deal between ourselves and Delph is a great result for Morris and an example of how the property market is building.

“Delph saw the opportunity that The Quarter presented and has acquired a great development in an ideal location.”
 
Construction on The Quarter is due for completion next April.