Property investment group Delph has acquired the second phase of a residential property development in Birmingham's for £16 million.
The London-based group has bought 105 off-plan apartments from Morris Homes which is due to complete 'The Quarter', in Warstone Lane, in April 2015.
Work started in 2011 on The Quarter, in the city's famous manufacturing district.
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Nicholas Belkin, head of regional acquisitions at Delph Property Group, said: "The Quarter in Birmingham has been carefully selected to complement our growing portfolio of investments across the 海角视频.
"We always look to acquire properties in thriving areas that offer significant investment opportunities and have potential for strong capital growth.
"This acquisition fits well within our investment criteria for prime locations which are unique within their local markets."
Cindy Cade, sales director at Morris Homes, added: "The deal between ourselves and Delph is a great result for Morris and an example of how the property market is building.
"Delph saw the opportunity that The Quarter presented and have acquired a great development in an ideal location."
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