London developer goes after Jewelery Quarter apartment building

Consortia Developments has acquired Colmore Place, a residential property in Birmingham’s Jewelery Quarter.

The London-based real estate development and investment company has acquired ownership of the listed Grade II building at 36-37 Cox Street from Bricklane REIT. It paid £ 200 per. sq ft for the square.

Built in 1920 and formerly used for jewelry making and later offices, the brick and stone building was converted into apartments in 2006.

Consortia Developments, which is remodeling Lockside House on Scotland Street into 61 houses along the canal, and recently acquired Gamgee House, a 17,500-square-foot office building in Ladywood, plans to remodel the apartments.

Olly Clayton, partner at Consortia Developments, said: “Colmore Place is our second residential investment in Birmingham. It is a beautiful, historic building that has great potential for redevelopment within the confines of its listed status.

“Consistent with the building’s history and heritage, and the surrounding Jewelery Quarter and St Paul’s Square areas, we aim to create a high-end boutique-style residential plan.”

Archie Ward, managing partner at Consortia Developments, added: “With two residential projects and a newly acquired office building in Ladywood under our belt, we continue to establish a strong foothold in the Birmingham real estate market.

“It’s an exciting city to be in right now, where the investment potential keeps getting better and better.”

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