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Business

First phase sells out at Birmingham resi scheme

Team behind Edition Birmingham project has welcomed positive start to marketing 581-unit scheme in the city centre

CGI of Edition Birmingham, a new apartment complex to be built in Cambridge Street, Birmingham

The first phase of a new residential development currently under construction in Birmingham has already sold out.

Work has recently started on the Edition Birmingham project next to the city's library and developers Select Property and Sphere Group said the 15-storey first phase, called Park Residence, has now sold all 149 apartments.

The overall project is being built across two towers on the former Paradise Circus city council car park in Cambridge Street.

The developers said apartment sales had so far generated revenue of more than £100 million across both Park Residence and the adjacent, 46-storey Centenary Tower.

The latter was launched to market earlier this year and has so far sold around 130 of its 432 units.

The buildings will also have 23,000 sq ft of amenity space including a swimming pool, gymnasium and yoga studio on the 44th and 45th floors.

There will also be a climbing wall, co-working spaces, private dining and external terraces with a cinema screen. The project is expected to create 300 jobs, including 60 apprenticeships and work experience roles.