Birminghams New Property Hotspots

Birmingham's New Property Hotspots

By Surrenden Invest | April 21, 2017
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Birmingham is undergoing a wave of residential and commercial development that is taking the city to new heights and providing residents and businesses with a wealth of new opportunities and talent. Here are the hottest developments in Birmingham this year.

Westside

Westside was originally one of the most important suppliers of commercial rent in central Birmingham and the redevelopment of Brindleyplace during the 1990s helped to fuel this. However, over the following decade, Snowhill, on the opposite side of the city, started to grow in importance, and there was a rivalry between these two opposing locations.
More recently, major developments at Arena Central and Paradise have, combined with Birmingham’s new library and Baskerville House, connected the Westside to the Birmingham’s centre to create a larger and more dynamic central business district. The area has seen commercial giants such as HSBC, Network Rail and PWC create new hubs in the area.
Westside’s infrastructure continues to improve with new vistas forming, which were previously blocked by the old library. Now New Street and local amenities are far more accessible, providing a more attractive urban landscape for residents and workers alike.

Snowhill District

On the opposite side of the tracks is the Snowhill District, which is growing as a major business district, with the arrival of KPMG, AECOM, Amey, Gowling WLG and EY.
The Snowhill Masterplan is taking shape and new developments include 3 Snowhill, Post and Mail, and Birmingham’s skyscraper zone. Snow Hill has improved rail services to London Marylebone, and a new tram line provides fast commuting to and from Wolverhampton to the north, and New Street to the south.
Also in development in the Eastern Metro extension that will link to Curzon Street station, the terminus of the HS2 high-speed line to London. The latest plans will see newly created pedestrian access across the area, making the urban environment far more attractive.

Colmore Row

Colmore Row is the traditional core of Birmingham’s professional district. For many years Colmore Row’s development stagnated due to a lack of new sites. However, there have been several new development opportunities of late that have improved the quality of rental accommodation available, which has helped boost occupier expectations and rental levels across the area.
The most exciting developments include IM Property’s 55 Colmore Row, Rockspring/Sterling’s 103 Colmore Row and Ardstone’s 1 Newhall Street, which provide quality properties that link to the Westside and Snowhill business areas.
This whole area has experienced gentrification with the opening of many restaurants, bars and cafes, as well as a revamped Grant Hotel, which has turned the whole area vibrant and happening area.

Jewellery Quarter

The Jewellery Quarter provides some of the best residential properties, with converted factories and traditional townhouses, along with more convention new builds.
This area has its own business hub, which is dominated by start-ups, making it one of the most desirable areas to live, making it Birmingham’s Shoreditch. New metro connections to New Street Station have helped to further bolster its appeal, and the new Eastern Metro extension, due for completion in 2026, will provide a fast link to Curzon Street and the HS2 terminus. The Jewellery Quarter is also within a 15 minute walk of Snow Hill station, which will further be improved with new pedestrian routes.

Gun Quarter

On the edge of Jewellery Quarter and Snow Hill is Gun Quarter, just a short walk from the CBD. Although central, this area has some discounted properties providing some excellent investment opportunities. Gun Quarter will also benefit greatly from the Snowhill Masterplan and become a key residential area in the city, making it ripe for property investors.
As well as excellent rail connections, tramlines and pedestrian access across the city, these areas also benefit from easy access to the motorway network, via that A38. Looking further ahead, we can see that Birmingham will start to rival London and the Northern Powerhouse as a key area for growth and development for the next generation.

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