Mayor of West Midlands Officially Launches New Jewellery Quarter Development
Engine Brother Capital has launched an exciting new development coming soon to the heart of Birmingham in the much sought after Jewellery Quarter area.
Coinpress Residence will be a building that fuses heritage with 21st century living, consisting of 14 luxurious apartments and 1 commercial unit.
The official launch ceremony took place this afternoon on the development site with the Mayor of West Midlands, Andy Street cutting the ribbon. Guests from the property world were invited for a tour of the site to hear about the property developer’s plans for the site.
Director of Engine Brother, Ethan Li said: “We are very excited to be introducing quality homes to this historic location that beams culture, art and a busy social scene. We have 3 developments in the pipeline and our aim is to provide 200-250 homes for local residents in the next 2-3 years.”
Jewellery Quarter is a strong choice for those who work in the heart of the city, with New Street Station and Bullring just a 15-minute stroll away. It’s a perfect location for students, young professionals and couples. You can also hop on the metro into town for as little as £1 and there are regular train services running from the station.
Andy Street, Mayor said, “Thank you to Engine Brother for your confidence in making your investment today and your efforts in wanting to protect the quality and character of the area as it redevelops. There is an enormous challenge around housing; we need 250,000 homes by 2031. That’s what required on the back of the growth for the younger people coming in, we have the largest influx of people moving here than anywhere else in the UK now.”
Good news we are making enormous progress in recent years, last year there was 14,000 homes produced in one year, 20% up from last year and 100% up from 2008. Pure residential is 3 times up from 2008. So we are all really responding tremendously to that challenge.”
Coinpress Residence will be ready for first phase occupation in Autumn 2020. Prices start from £179,950 for 1 bed 1 bath apartment.
Main photo: Ethan Li from Engine Brother, Andy Street, Mayor of West Midlands and Jamie Timmins, HCT Construction Consultants
Credit: Edwin Ladd