Westminister Works - Birmingham
KEY POINTS:
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Completing Q1 2021,
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From £167,477,
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In the heart of Digbeth,
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Luxury finish.
Sat in the Southern Gateway £1 billion regeneration zone and close to the proposed High Speed Rail station (HS2) linking Birmingham to London, Westminister is the perfect base for Birmingham professionals and those who want to commute both North and South.
Development features include:
•Concierge Service
•Parcel and food delivery facility
•Courtyards and communal roof gardens
•Car parking - (additional cost)
•Bicycle storage
•24hr security
•Professional building management service and online portals
About Birmingham
Between December 2016 and March 2017, the biggest surge in workforce jobs in the UK was in the West Midlands, at 65,000, whereas the largest decrease was in the East of England at 36,000 (ONS), more jobs will mean more of a demand for property in the area.
Managerial, professional and technical positions dominate the labour market, accounting for 39% of total employment. Birmingham also has one of the youngest, most highly qualified and most diverse workforces in the UK.
The total number of new jobs created between 2013 and 2025 is projected to be slightly above 29,000, equating to a 5.7% increase. Employment growth is forecast to be much stronger among higher skilled occupations which are expected to see a 13.5% increase by 2025. This will have positive implications for the housing market as these jobs will command higher salaries and thus improve household affordability prospects.
Birmingham was named top choice for people leaving London in 2016 (ONS), house prices and affordability of living in the capital generally being the driving force for relocation.
The initial impact of HS2 will be on Birmingham. The city is already changing fast and undergoing tremendous regeneration and development. Large employers are expanding and, in turn, not only generating more jobs but also a bigger number of higher skilled positions. Relatively low employment and housing costs compared with those of London will support expansion.
Linking Birmingham’s growing financial district and tech sector, including the flourishing creative enterprises in Digbeth, with London via HS2 adds to the attraction for both occupiers and investors enabling further growth.
About Digbeth
Why Invest?
Why is it a good time to invest in Birmingham’s property market? Investors see Birmingham as a safer bet than London and with much more room for profit growth. Digbeth is the hottest new place to live in the UK! It’s a very cool little place with lots of converted buildings, bars and a young crowd.
With Birmingham named the top choice for people leaving London in 2016 and affordability of living in the capital and house prices especially being the driving force for relocation, Digbeth will become the hottest new place to live.
The area, so close to Birmingham City Centre, New Street Station and The Bullring, received great attention - both from investors and the highly skilled, highly ambiguous millennials flocking to the area to work and live. Digbeth has changed markedly over the last 20 years with the original redevelopment of the Custard Factory really kick-starting this regeneration.
What the specialists say.
Gareth Jones - Director
Digbeth is an area of the UK where in 5 years time you will either have made money from it, or wished that you had invested in it.
It's quirky, cool and full of opportunity for the smart investor.
Westminister Works suits the professional tenant with a quirky modern environment
Mark Pearson - Director
We love Birmingham and Digbeth is possibly the most exciting investment opportunity in the UK at the moment.
The HS2 line will change the city and the landscape of the UK forever and there is an opportunity to profit from it.
Buying smart in Digbeth will give investors superb long term profits above that of the rest of Birmingham or the UK.
