£7.3million off plan success for BPG…
Located on the desirable Hagley Road in leafy Edgbaston, it was purchased by BPG as part of an underperforming office portfolio and has been successfully converted into 41 modern and high spec one/two bed apartments.
The development is situated within easy walking distance (one mile) of the city and features a residents’ club lounge and cinema room. It’s next to the revered Plough & Harrow hotel and also a stone’s throw from the landmark £330m New Garden Square mixed use regeneration scheme, which will see a Metro terminus stop and the new SPRINT network come to Hagley Road.
BPG Director John Southall commented: “We are absolutely delighted to have completed construction works at Newland House and sold all of the units off plan. The sale has realised significant value for BPG. We look forward to continuing to deliver our current pipeline – including the completion of a 126 apartment scheme @parkgatebirmingham.com in early 2020. With cash to spend and the ability to make quick and decisive decisions on investment purchases, we are always welcoming of any similar new development opportunities.”
BPG has an established track record and a strong reputation for delivering innovative and quality mixed-use development schemes, as well as asset management. Latest investments include large office buildings in Solihull and Coventry, while the recently completed Moseley Central development provided ultra stylish apartments in another of Birmingham’s most sought after suburbs.
For further details about BPG please visit www.bpgholdings.co.uk
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