Cordia UK breaks ground at The Lampworks BTR

Cordia UK breaks ground at The Lampworks Build to Rent development in Birmingham, with funding from Octopus Real Estate.

Cordia UK's The Lampworks Build to Rent scheme in Birmingham | BTR News
Cordia UK's The Lampworks Build to Rent scheme in Birmingham.

Construction has started at The Lampworks, Birmingham-based property developer Cordia UK’s latest project and inaugural Build to Rent development in Birmingham.

Cordia UK has appointed Shropshire-based construction management practice buildfifty5 to deliver the main construction works for the project in partnership with residential general contractor Pedrano UK. 

“Buildfifty5 is delighted to be partnering with Pedrano UK on the delivery of The Lampworks in the Jewellery Quarter. Our appointment as construction manager and delivery partner brings together buildfifty5’s core strengths as an organisation focused on collaborative and practical solutions for our key sector clients.”

Garry Whiting, Managing Director, buildfifty5
The Lampworks living area | BTR News
The Lampworks living area.

Construction at The Lampworks is being supported by Cordia International’s key strategic partner – Pedrano Group. With 15 years of experience in apartment developments across Europe, Pedrano will work closely with local contractor buildfifty5 to provide strategic direction on the project.

“At Pedrano Group, we have a long track record of delivering high quality apartments for Cordia International in Central Europe. We are thrilled to be working with Cordia UK to deliver their first Build to Rent development in Birmingham and will be supporting the project strategically from start to finish.” 

Gábor Szulyovszky, CEO, Pedrano Group
The Lampworks bedroom | BTR News
The Lampworks bedroom.

The Lampworks scheme will deliver 148 Build to Rent homes in a mix of one-, two- and three-bedroom apartments and affordable homes. It will also feature contemporary commercial units on the ground floor, set in a series of striking landscaped courtyards.

Amenities include a co-working space, individual meeting rooms, a shared lounge, and a communal kitchen/diner fit out with modern designs and the latest technologies.

Residents will also benefit from nearby amenities such as Tesco, Morrisons, and popular restaurants and bars including Hockley Social Club and The Church Pub. The scheme is also a five-minute walk from St Paul’s tram stop and ten minutes from Snow Hill train station.

The Lampworks communal area | BTR News
The Lampworks communal area.

The Build to Rent development is set to be one of the most energy-efficient projects in Birmingham offering exclusively A and B EPC-rated dwellings. The energy efficiency ratings will benefit both future residents and the building operator.

“The Lampworks is the first development in our Build to Rent portfolio and a unique addition to Birmingham’s rental market – offering contemporary architectural design and amenities in a setting that maintains and reflects the Jewellery Quarter’s renowned heritage.

“We are excited to be working with our construction partners buildfifty5 and Pedrano UK on the project and look forward to seeing our vision for Great Hampton Street continue to come to life with new residents and independent businesses.”

András Kárpáti, CEO, Cordia UK

The Lampworks – located at the intersection of Great Hampton Street and Harford Street – will reflect the industrial heritage of Birmingham’s Jewellery Quarter. It forms part of Cordia UK’s wider vision for Great Hampton Street – a masterplan to transform the area into a thriving residential and commercial destination.

The Lampworks communal space | BTR News
The Lampworks communal space.

Specialist real estate investor and lender Octopus Real Estate (part of Octopus Investments) has provided financial support for The Lampworks, with assistance from financial advisor BBS Capital.

The loan was provided as part of its Greener Homes Alliance with Homes England, which pledges to commit £172m in finance and expert support to SME housebuilders, enabling them to build more high-quality, energy-efficient homes throughout England.    

“We’re thrilled to have provided Cordia UK with the funding needed to develop this exciting project, conveniently located close to Central Birmingham. It’s a fantastic example of the impact our Greener Homes Alliance has in supporting developers to pursue greener initiatives, and reflects Octopus Real Estate’s commitment to providing quality, sustainable homes.”

Nick White, Head of Development Origination, Octopus Real Estate
The Lampworks courtyard | BTR News
The Lampworks courtyard.

As a member of one of the largest residential real estate development and investment groups in Europe, Cordia International (Member of Futureal Group), Cordia UK benefits from a vast track record of international projects and is driving forward innovative practices in the UK residential market.