With work starting in 2011, the London-based group have acquired the second phase of residential property development in the Jewellery Quarter for £16 million. Delph bought 105 off-plan apartments from Morris Homes.

The completion of the properties is due in April 2015.

Head of regional acquisitions at Delph Property Group, Nicholas Belkin, said:

“We always look to acquire properties in thriving areas that offer significant investment opportunities and have potential for strong capital growth.”

Sales director at Morris Homes, Cindy Cade, added:

“Delph saw the opportunity that The Quarter presented and have acquired a great development in an ideal location.”