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.”