Brum tower gets £30m boost

Fortwell Capital has provided a £30m development loan for a 28-storey tower in Birmingham’s Southside. The facility to local developer Regal Property Group will see 154 new for-sale flats at the South Central scheme, on Essex Street. Regal Property Group is best known for its high-rise development around Broad Street at the Bank Towers I and II. These schemes were delivered by Wates Construction, which is also contracted for South Central. [caption id="attachment_1097716" align="aligncenter" width="683"] Image © Regal Property Group[/caption] Mark Holbeche, development director at Regal Property Group, said: “Birmingham’s development landscape is shifting towards true city living, and the funding from Fortwell will enable our experienced and agile team to continue to play a key role in this shift. “We also look ahead to bringing a pipeline of further exemplary schemes to the Birmingham marketplace.” LEXI Finance advised Regal Property Group. send feedback, e-mail emma.rosser@eg.co.uk or tweet @EmmaARosser or @EGPropertyNews