Open University will be transforming one of its buildings into a luxury apartment building.
Open University will be transforming one of its former buildings in Birmingham into a luxury apartment building. The building is on High Street, on the other side of “Turners at 69”, the Michelin star restaurant.
The transformation will be done by the Copperbox development, which is run by Seven Capital, the property developer. The building will reportedly have a mix of 56 one-bedroom condos and studio apartments. Its completion date is expected to be in late 2018.
Comments on the Luxury Apartment
The Seven Capital sales director, Andy Foote, said: “Harborne is currently thriving due to its plethora of café’s, bars, restaurants and shops along the high street and its close links to the city centre.
“There is an unprecedented high tenant-demand in the area, so this development will go some way in helping to increase the options for accommodation.
“CopperBox offers a fantastic opportunity for prospective buyers to snap up luxury apartment accommodation in what is currently a very sought after area of Birmingham.”
According to their website, Andy Foote is also a fundraiser for the “Brain Tumour Charity”, which he does through “The Joseph Foote Charity Ball.” He says he usually aims to fundraise $500,000 a year for the charity
About Seven Capital
Seven Capital is among the largest developerts in the United Kingdom. It was established in 2007, with offices in Birmingam and London. It has recently also expanded into Dubai and plans to venture further all over the world.
Seven Capital was also recently listed as one of the UK’s fastest growing SME’s. It was also included in the most recent London Stock Exchange’s “1,000 Companies to Inspire Britain,” among many other successful businesses that have shown “strong sector growth.” To qualify for the list, the company had to have been around for over 3 years, based in the United Kingdom and have produced turnover between 6-250 million pounds sterling. Xavier Rolet, the stock exchange’s chief executive, said: “The UK has some of the most inspiring growth businesses in the world.
Open University To Transform One of Its Buildings Into Luxury Apartments
Our report showcases some of these fast-growing and dynamic companies; the type of companies we believe will help fuel the long-term growth of the UK economy.”
According to their website, “Through our commercial division, Seven Capital Investments, we invest in assets offering core plus and opportunistic returns. We seek properties with significant asset management or restructuring opportunities.”