Latest News | 13th May 2022

Developer saves landmark pub from conversion

A Birmingham-based developer and publican have saved a historic Digbeth pub from becoming just another memory after revising plans and removing the conversion of it from the initially consented scheme.

The 10M Group in conjunction with social impact investor Housing Growth Partnership (HGP) wanted the Fountain Inn, which neighbours the development of 39 properties, to be retained and its future assured as a historic community pub.

HGP, which is backed by Lloyds Bank and Homes England, is pleased to have invested 1.3m in the build of a brand-new housing scheme and has announced that this development becomes its 100th investment deal to date.

Situated in Digbeth, the scheme comprises 39 one- and two-bedroom apartments set across two separate buildings, and all based around an attractive communal courtyard and with the pub neighbouring the development.

With a successful track record of building in the West Midlands and the North West, 10M Group’s previous schemes have encompassed a variety of different projects in the residential sector.

Mike Murphy, HGP Investment Director, says: “This development marks a significant milestone for us marking HGP’s 100th deal and demonstrates that we’re helping developers and  housebuilders to build a range of much-needed properties with unique features. We’re delighted that these apartments will be in one of the most distinctive parts of Birmingham because of its connectivity and nearby amenities and with a historic pub next door, we just know the accommodation will be popular.”

Russell Townsend, MD of 10M Group, says: “As a design-led business we couldn’t have made this exciting scheme become a reality without the investment of HGP and the speed and ease of working together. The pub retention and refurbishment is the icing on the cake, and in addition to using modern methods of construction to make it stand out from other developments, the courtyard will also be a valuable outside space for residents too. We’re looking forward to working together again.”

Steve Price, owner at the Fountain Inn, comments: “I’m delighted that I have such forward-thinking neighbours that are in full support of retaining and preserving historic Birmingham pubs like mine.”

All of the apartments will be ready for occupation in 2023.

 

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