JQ Rise will be a collection of one and two bed luxury apartments over 22 storeys, making it a landmark site for the city of Birmingham. The site has a GDV of £56.8m and PIP are raising a total of £39.7m (75% of the GDV).
PIP are delighted to have been appointed as the senior lender for the construction of the iconic JQR development, which is the gateway to the prestigious Jewellery Quarter in Birmingham.
Security is by way of a first charge over the value of the land and the Gross Development Value of £56.8m.
The term of the lending is up to an anticipated 30 months and this opportunity offers interest of 8% per annum, payable upon redemption.
JQR – It’s all about the location
Gateway to the Jewellery Quarter, JQ Rise is a striking landmark tower in central Birmingham. This development forms part of Prosperity Wealth's Signature range and will be comprised of high specification one, two and three-bedroom apartments.
JQ Rise is located just ten minutes’ walk to the business and financial districts of Brindley Place, Arena Central and Colmore Row. These luxury apartments in Birmingham’s Jewellery Quarter feature a high quality interior specification and configuration, specifically designed to cater to the rising young professional rental demand of the city centre.
A city of 1,000 trades and a wealth of opportunities Birmingham is not only the UK’s largest city outside London, but also one of the country’s biggest financial centres.
The relocation of firms such as Deutsche Bank and HSBC will increase the number of affluent professionals making their home here. The diversity of the city’s economy is supported by its reputation as a hub for creative industries and it is among theUK’s fastest growing centres for digital media ventures.
Property investors are increasingly seeking to capitalise on the once in a century regeneration underway in Birmingham city centre.
‘’The Big City Plan is the most ambitious, far-reaching development project ever undertaken in the UK. Our aim is to create a world-class city centre by planning for the next 20 years of transformation’’ - Birmingham City Council
Reasons To Invest
- Term of up to 30 months;
- Generate 8% per annum on your monies invested;
- First charge over the value of the land and GDV (75% LTV);
- Minimum investment value of £10,000;
- Clear exit strategy, upon the construction and completion of this development;
- Over 70% of the units have already exchanged, with a further 20% payable by the investors during the term of the build.
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