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PRIVACY
Economic Development

Seven Capital to build £150m of new city homes

Quartet of new developments unveiled as property group continues its long-term investment into the city

More than 700 new homes are to be built in Birmingham city centre with major plans for four new developments.

City firm Seven Capital is behind proposals which will add £150 million of housing to the city centre stock, with work set to start within months if approved.

More than 300 homes will be created at while across town three apartment blocks are set to be built - another off and close to The Cube.

Seven has become the most prolific investor in the city in the past year and the new deals take the firm half way to its pledge to build 5,000 homes in the West Midlands.

Managing director Phil Carlin said he was confident the market was there after selling hundreds of homes at its at Five Ways and The Landmark, near

He said: "There were 1,500 homes a year in the city centre being pumped out at the top of the market.

"If we can get planning sorted quickly and start to launch this summer, then if we sell 300 units we will be at barely a quarter of that. There is still a lot more capacity.

"We sold knocking on for 500 units by the end of last year at One Hagley Road, The Landmark and in Worcester.