Specialist lender Atelier has completed the financing of two conversion schemes to create homes in the centre of Birmingham.
The loans comprise £4.7m to convert an office building located in the Colmore Business District into 15 apartments and £7.2m to regenerate a Grade II listed building on Constitution Hill into 32 apartments in the city’s Jewellery Quarter.
See more: Birmingham’s office-to-resi conversions at ‘tipping point’
Rav Kudhail, lending manager at Atelier, said: “We are delighted to announce the financing of two exciting conversion projects in Birmingham, situated in prime locations within the city centre and the Jewellery Quarter. We’re looking forward to seeing these existing sites brought back to life to meet the demand for new housing in the city.”
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