Two major Midlands resi developments launch after £54.8m investment

22 January 2021 | Investment

Two major Midlands resi developments launch after £54.8m investment

Real estate specialist Urban Village Capital has announced launch events for two major Midlands residential developments.

Four Oaks House in Sutton Coldfield and the iconic Equipoint building in South Yardley are opening their doors for future residents of these new schemes within easy reach of Birmingham and Sutton Coldfield town centres.

Both former office blocks, the two repurposed commercial buildings have undergone transformations to the tune of £54.8 million creating a range of ‘desirable’ apartments in both locations.

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Equipoint has seen an investment of £17.5 million to redevelop the first phase of the scheme, which is now valued at £40.8 million. The initial phase has created 250 homes. A planned second phase is set to increase the development to 410 units and will boast a number of on-site services for residents, such as security, concierge and cycle stores. The location will also benefit from good links to the HS2 connection to London, when that line is eventually up and running.

An open day is scheduled for Saturday 23 January from 10am-2pm, allowing prospective residents to see the mix of one and two-bedroom apartments that are for sale and rent. Equipoint offers a Help to Buy scheme for buyers, which is expected to attract plenty of interest.

Meanwhile, Four Oaks House features 52 one-bedroom and 17 two-bedroom luxury apartments, which are available on a rent-only basis and are expected to appeal to affluent professionals.

Each apartment features designer kitchens and appliances, bathrooms with ceramic tiles and fixtures and fittings, laminate oak wood flooring to kitchen and living spaces, luxury bathroom units and electric heating throughout. The property also benefits from secure parking and CCTV. Each apartment has access to high-speed Hyperoptic broadband, ideal when working from home, and a stunning roof terrace.

The development is a short drive from the centre of Sutton Coldfield and its array of bars, restaurants and shopping facilities, and has excellent transport links to Birmingham. The Four Oaks open day is on Saturday 30 January.

Two major Midlands resi developments launch after £54.8m investment

Property viewings for both developments are permitted under the current lockdown rules but will be by appointment only. A maximum of two people from the same household are permitted to attend and everyone must adhere to the government’s Covid-19 rules at all times.

Nick Sellman, chief executive of Urban Village Group, says: “We have completed two stunning and very individual transformations to extend the range of repurposed, residential opportunities in Birmingham.”

“Equipoint is an iconic landmark that has undergone a stunning makeover and has already received a flurry of enquiries from interested parties. It provides stylish living at a very affordable price.”

“Four Oaks House adds to our portfolio of luxury developments in Sutton Coldfield, which we know from past experience are very much in demand.”

Urban Village Group is pioneering the conversion of former commercial buildings and turning them into desirable living spaces, aiding the UK government’s push for 300,000 new homes every year and repurposing office space that has been left redundant due to the pandemic or other reasons.

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This post has originally been featured in Property Investor Today.