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£14m transformation of offices into homes completed

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Liz Foley
Date
25 November 2019
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News

A £14 million build-to-rent conversion of offices into 63 luxury apartments in Birmingham has reached practical completion, developer Urban Village Capital announced today.

The transformation of a Sutton Coldfield office block includes 12 luxurious penthouses in a two-storey roof extension, with impressive views extending for miles over nearby Sutton Park. The development includes an office suite and a restaurant.  Birmingham-based Urban Village Capital is an investment and development business with a multi-million pound portfolio of developments across the UK. It is led by chief executive Nick Sellman and executive director Kevin Sharkey.  Kevin said: “We are excited to announce that we have reached practical completion of Knight’s House, our £14 million build-to-rent development in the heart of Sutton Coldfield. “Knight’s House is a fantastic, high quality development which is bringing new life to a tired old building. It’s hugely satisfying to see what was a vacant and dilapidated office block transformed into dozens of exciting new homes.”  He added: “The apartments offer excellent quality in a location which is just a two-minute walk to Sutton Coldfield train station and bus stops. Commuters can be in Birmingham city centre in around 20 minutes on the cross-city railway line.”  The original building had seven floors. It has been extended with the addition of two storeys on the roof to accommodate penthouse apartments.  Floors one to seven each have six two-bedroom apartments and a single one-bedroom apartment. The 12 penthouses all have two bedrooms. For more information please contact Matt Halford at agents Centrick Properties on 0121 347 6116 or email matt.halford@centrickproperty.co.uk.  Also in Sutton Coldfield, Urban Village Capital is delivering a £3.2 million development will see a former art school converted into 12 luxury apartments. The company has joined forces in a joint venture to transform The Old Art School, on Lichfield Road, into a high specification development of one and two-bedroom homes. Character features of the Grade II listed building, next to Bishop Vesey Grammar School and BMet College, will be retained.  Elsewhere, construction of an £11 million student accommodation development in Ringway House Coventry, is also underway.  Urban Village Capital’s mission is to deliver quality residential developments that generate target returns for institutional and private investors.

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