It's a double celebration for SevenCapital this week as the developer, alongside construction partners Colmore Tang and Creagh Concrete, marks the topping out of its St Martin's Place development - and announces it is now sold out one year ahead of expected completion.
Construction on the development, which sits adjacent to SevenCapital's Park Regis Hotel - also constructed by Colmore Tang, on the site of the former Five Ways Shopping Centre, began in June 2018 and is expected to complete by Q2 2021.
With 228 new one, two and three- bedroom apartments across four blocks of between six and 17 storeys, the development will feature exclusive private residents' amenities, including cinema room, WiFi lounge and a gym. It also promises to be a first of its kind in Birmingham, by offering hotel services to residents, provided by the neighbouring Park Regis.
The building envelope is now complete, with floors laid across the development and windows fitted to all levels. M&E has been integrated into panels off-site. The build utlised a total of 3000 precast pieces, manufactured by Creagh at their head office facilities in County Antrim (NI), benefitting the project with six months build betterment against traditional construction methods.
The work has provided significant employment opportunities for the local workforce, with contractors for both Colmore Tang and Creagh Concrete coming from the region.
Damien Siviter, group managing director for SevenCapital said: "St Martin's Place is a flagship development for SevenCapital, so we're pleased to see such fantastic on-site progress from our construction teams. This is an important milestone for the project, which having sold out of all but one unit has already exceeded expectations, and everyone is working hard to ensure delivery is on time and to the highest standards."
Steve Underwood, CEO of Colmore Tang Construction commented: "We have worked with Creagh on developing an innovative solution, which has accelerated our programme and offered significant benefits in terms of quality, safety and construction. This project is now our 16th in the region, having delivered 3500 apartments, demonstrating our expertise and making us the contractor of choice for delivering high density residential schemes in the Midlands area."
Seamus McKeague Chief Executive of Creagh Concrete added: "This is a proud moment for Creagh. In recent years we have moved from being just a concrete and materials supplier to a specialist subcontractor, which has opened up new opportunities. We are seeing strong interest in our Rapidres Fastrack Build System because developers now understand the true value of slashing programme times. Investors not only benefit from revenue gained by the early occupation of units but, also, from the mobility of their capital resource. Quite simply, shorter build times mean developers can complete more projects with the same pot of finance."