Delph Property Group invest in city
24 June 2008
Computer generated image of proposed development
Copyright: CSJ Brooke-Smith
Delph Property Group has invested in a key development for the City of Southampton. The residential property company has purchased 169 flats of the 219 being constructed in Block A, of the East Park Terrace site. A further Block B, due for construction, will comprise 122 Apart-hotel units in addition to a small number of residential flats.
The scheme, being constructed in several phases, is mixed use. Delph buy residential units in any type of mixed-use or purely residential development before, during or when construction is complete.
Southampton City Council has backed the scheme with planning consent having been provided for the first phase of the scheme and a pro-active approach being implemented in assisting with delivery. Developer Imperial Property believes regeneration of the right sites is important to any cityscape.
Delph has partnered Imperial in previous schemes in Bristol and Cardiff.
Later phases of the project will include a 23 storey hotel, and approximately 80,000 sq ft of commercial office space. The hotel element will become Southampton’s tallest building.
