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Edition Birmingham Residential Development Sells Out First Phase Amid High Demand

Strategic Insights

— 1 min read

The first phase of the new residential development, Park Residence, has already sold out with all 149 apartments purchased, generating over £100 million in revenue across both Park Residence and the adjacent Centenary Tower. The project, undertaken by Select Property and Sphere Group, is being built on the former Paradise Circus city council car park in Cambridge Street. The overall development, which includes two towers, is expected to create 300 jobs, including 60 apprenticeships and work experience roles. Completion of Park Residence is anticipated in 2027, followed by Centenary Tower in 2028.

Key Takeaways:

  • The first phase of the Edition Birmingham residential development, Park Residence, has sold out with all 149 apartments purchased.
  • Apartment sales have generated over £100 million in revenue across both Park Residence and the adjacent Centenary Tower.
  • The project, undertaken by Select Property and Sphere Group, is creating 300 jobs, including 60 apprenticeships and work experience roles.
  • Park Residence is expected to be completed in 2027, followed by Centenary Tower in 2028.
  • The development includes 23,000 sq ft of amenity space, featuring a swimming pool, gymnasium, yoga studio, and external terraces with a cinema screen.
  • The sales of Park Residence apartments are a result of the excitement and demand for the world-class development, according to Sphere Group chief executive Alex Neale.
  • The development's location, near Paradise and with billions of pounds of investment, is attracting a young and growing population, according to Select Property chief executive Adam Price.

Statistics:

  • 149 apartments sold out in the first phase of the Edition Birmingham development, Park Residence.
  • Over £100 million in revenue generated from apartment sales across Park Residence and Centenary Tower.
  • 300 jobs created by the development, including 60 apprenticeships and work experience roles.
  • Completion of Park Residence expected in 2027 and Centenary Tower in 2028.
  • 23,000 sq ft of amenity space in the development, including a swimming pool and gymnasium.
  • 432 units in the 46-storey Centenary Tower, with 130 already sold.

Sources:

  • Birmingham Mail (Exact phrase from the source: "SELECT Property and Sphere Group said the 15-storey first phase, called Park Residence, has now sold all 149 apartments.")
  • The Birmingham Telegraph

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