Cordia, Hungary’s leading residential property developer is continuing its expansion in the UK residential property market: its local subsidiary is building a complex of 366 rental apartments, bringing the total number of homes planned for the West Midlands region to over 1,800. Cordia, member of Futureal Group has reached its
Construction work on a major residential scheme in Digbeth, Birmingham is expected to begin this summer, as plans get green light. SevenCapital’s Connaught Scheme will include 70 spacious new apartments, including a 27-storey landmark tower, circa 42,000 sq ft of commercial space, a community gymnasium and boxing academy. “Connaught Square
BDC 319 : Aug 2024
Cordia, Hungary’s leading residential property developer is continuing its expansion in the UK residential property market: its local subsidiary is building a complex of 366 rental apartments, bringing the total number of homes planned for the West Midlands region to over 1,800. Cordia, member of Futureal Group has reached its next milestone in its operations in the United Kingdom: the Birmingham-based Cordia Blackswan, acquired and renamed last year by the company has announced its next major development. Cordia Blackswan is building a complex of 366 rental apartments in Birmingham’s Digbeth district, on a site of nearly 8,000 sq m. Digbeth is a regeneration area in the centre of the UK’s second largest city, with a strong industrial heritage. This area is now recognised as a vibrant cultural, creative and diverse neighbourhood, a kind of bohemian quarter. Cordia Blackswan’s new development will feature a combination of 1, 2 and 3 bedroom units, in two ‘u’-shaped blocks of five and eight storeys, set around landscaped public realm. Residents will benefit from shared amenities, including a resident’s lounge and concierge service, with high quality private outdoor spaces including courtyards and balconies. This project is not the first residential rental development of Cordia Blackswan, as the company has a number of developments in Birmingham’s historic Jewellery Quarter, which is still home to one of Europe’s largest jewellery manufacturing communities. These include The Lamp Works, a 148-home build-to-rent apartment scheme, while Bradford Works will be the city’s first purpose built shared living scheme for young professionals, with access to high-quality communal areas and shared amenities. Although The Gothic is not a rental housing development, but is also located in the same neighbourhood: the buildings that were built in the early 19th century will be converted into Victorian-style homes with carefully restored heritage features. This development is named after the pub that welcomed visitors from 1870 until the early 2000s. Beyond its Jewellery Quarter placemaking agenda, the company is keen to support Birmingham’s growth and development more broadly and this latest acquisition in Digbeth signals the next step in Cordia Blackswan’s journey of ambitious growth. Together with the development just announced, Cordia Blackswan has a pipeline comprising over 1,800 homes, as well as 33,500 sq m space for commercial uses across the West Midlands and is actively looking for new sites across the region.
Construction work on a major residential scheme in Digbeth, Birmingham is expected to begin this summer, as plans get green light. SevenCapital’s Connaught Scheme will include 70 spacious new apartments, including a 27-storey landmark tower, circa 42,000 sq ft of commercial space, a community gymnasium and boxing academy. “Connaught Square is already one of the most significant and talked about regeneration projects to date in Birmingham, as it bridges the gap between the main city centre and the growing creative quarter. So throughout the entire design process it has been imperative that what we create and deliver is the right fit for the area, the city and importantly right for the community that will form as a result of Connaught Square,” said Damien Siviter, director at SevenCapital. Part of the city’s wider plans to regenerate Digbeth, the development will further cement the area’s position as Birmingham’s Creative Quarter. The 5,000 m² Connaught Square will be constructed in two phases, incorporating a new riverside walkway and terrace alongside the River Rea, which runs through the middle of the development and will be opened up as a feature to the public. During the construction period a number of jobs will be created, with the project also set to support apprentices at the nearby South and City College. “Digbeth has recently been listed as one of the coolest places to live by The Times, but through Connaught Square and the wider future regeneration works currently in planning or construction within the area, we want to make sure that it goes beyond cool, to become one of the best places in the UK,” said Damien. “We’ve been working tirelessly over the past few years to design a scheme that will enhance the city and create a new destination where people will want to live, work and spend their leisure time, and what we have now, we believe will deliver that,” he added. The date for the completion of the first phase of the development is expected to be March 2022, followed by the whole site in August 2023.
