Seven Capital has unveiled plans for a residential development at Bridgewater House in Worcester and confirms it plans to build more than 200 homes in the area.
The Birmingham-based private investor and developer is spending £10m on the 50,000 sq ft, 55-flat redevelopment of Bridgewater House, which is near Worcester city centre and is due for completion in October.
Seven Capital also plans to build a further 100 homes on a site at Broomhall Way in the south of the city and is behind the redevelopment of the former Midlands Electricity Board offices into 75 luxury flats.
Phil Carlin, managing director of Seven Capital, said: “We have chosen to invest heavily in Worcester owing to its growing attraction as a place to live.”
Carlin confirmed that the firm is considering further opportunities to invest in Worcester and expects Seven to double the number of homes it plans to develop to more than 400 in the coming months.
Seven Capital has invested £100m on residential properties in Birmingham in recent months and a total of £300m in commercial, residential and hotel projects outside of London over the past two years.
