The Foundry,
Birmingham
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Birmingham
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An off plan development purchase in Birmingham’s Jewellery Quarter.
The opportunity arose for an off plan purchase of a development of 61 apartments at The Foundry; located in the Jewellery Quarter, just around the corner from Delph’s previously purchased Metalworks development. Negotiations for the purchase were agreed within a week and contracts exchanged by mid-December. The developer commenced the 18-month construction period early in 2015.

Delph agreed a large deposit to be payable to the developer on exchange which assisted the developers’ cash flow throughout the build process, and the bulk purchase provided significant savings in interest charges sales and marketing costs and de-risked the project.
Development Name:
The Foundry

Location:
Birmingham

Tenure:
Freehold
Number of Units Purchased:
61

Vendor:
Developer