Birmingham is the UK’s second largest city. a thriving metropolitan centre with a growing population of over three million and economic capital of over £623 billion.
Located close to the proposed high-speed rail network linking Birmingham and London, HS2, Westminster Works is an ideal base for commuters to the north and south. On the edge of the Southern Gateway £1 billion regeneration zone Westminster Works offers city living within a vibrant new neighbourhood.
Within an area of current major development, the project is situated around a newly created public space known as Moat Square. This is an opportunity to diversify Birmingham’s leisure, retail and cultural offer, including niche retail, improved markets, family entertainment, residential and space for creative industries.
Birmingham is identified by overseas investors as a source of opportunity, with major strategic developments backed by investors from around the globe. Birmingham is rich in heritage with an established economy and excellent transport links. World-class culture, vibrant nightlife, award-winning dining, fantastic shopping and acclaimed architecture are all found in Birmingham.
A UNIQUE DEVELOPMENT
• Excellent commuter location
• Unique lifestyle offering
• Quality apartments
• Premium rental location
FACTS ABOUT BIRMINGHAM
Birmingham attracts 34 million visitors a year, almost 1 million of these are international visitors
The metropolis is one of the youngest cities in Europe with almost 40% of its population being under 25 years of age
it is home to five universities and over73,000 students
Birmingham Airport is the third biggest in the UK
The National Exhibition Centre (NEC) and International Convention Centre (ICC ) host over 850 events per year
220 APARTMENTS OVER 7 STOREYS
The site is located in the eastern part of Birmingham. Digbeth is currently undergoing major regeneration on the back of the successful redevelopment of the Bull Ring Centre which is the main shopping destination of the West Midlands.
Currently, there are some significant new planning applications under consideration in the area. The existing site use is a mixture of warehouse units and car parking.
The site is within 10 minutes walking distance from the Bull Ring Centre and less than 1km from New Street Station, Birmingham’s principal mainline railway station. Other public transport links within easy walking distance are Digbeth Coach Station, Moor Street Station and Bordesley Street Station (all within 500m).
On the High Street there are many bus routes which run along Digbeth/Deritend High Streets and Bradford Street. These bus routes are major arteries into the centre of the city from the east.
The site is well connected with the centre of Birmingham due to its proximity and location on one of the main routes into the city.
Our scheme comprises a modern appearance both internally and externally. The units will be open plan, modern Private Rental Scheme style units and configured around a central courtyard and access cores. There will be a roof garden.
There are 220 units currently incorporated into the design with a balanced mix of 1 and 2 bedroom apartments. The scheme can be delivered in 2 phases, with separate accesses onto Cheapside and Alcester Street.
HIGH RENTAL DEMAND
Between December 2016 and March 2017, the biggest surge in workforce jobs in the UK was in the West Midlands, at 65,000, whereas the largest decrease was in the East of England at 36,000 (ONS), more jobs will mean more of a demand for property in the area.
Managerial, professional and technical positions dominate the labour market, accounting for 39% of total employment. Birmingham also has one of the youngest, most highly qualified and most diverse workforces in the UK.
The total number of new jobs created between 2013 and 2025 is projected to be slightly above 29,000, equating to a 5.7% increase. Employment growth is forecast to be much stronger among higher skilled occupations which are expected to see a 13.5% increase by 2025. This will have positive implications for the housing market as these jobs will command higher salaries and thus improve household affordability prospects.
Birmingham was named top choice for people leaving London in 2016 (ONS), house prices and affordability of living in the capital generally being the driving force for relocation.
The initial impact of HS2 will be on Birmingham. The city is already changing fast and undergoing tremendous regeneration and development. Large employers are expanding and, in turn, not only generating more jobs but also a bigger number of higher skilled positions. Relatively low employment and housing costs compared with those of London will support expansion.
Linking Birmingham’s growing financial district and tech sector, including the flourishing creative enterprises in Digbeth, with London via HS2 adds to the attraction for both occupiers and investors enabling further growth.