Our scheme comprises a modern appearance both internally and externally. The units will be open plan, modern residential apartments 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 2016and March 2017, the biggest surge in workforce jobs in the UK was in the 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 2013and 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.
Westminster works birmingham
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. Within 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.
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