The development finance provider and the Birmingham-based developer marked the partnership with the opening of B1, Edward Street.
The new-build block of 63 apartments was conceived and built by Prosperity Developments, with BLG providing finance for the scheme.
“As a specialist development finance lender, BLG’s understanding of the planning and property development journey was extremely helpful,” said Joe Billingham, chairman and CEO at Prosperity Developments.
“As specialists in their field, this experience allowed a true appreciation of the varying needs a development has at every stage of the project.
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“This successful collaboration has delivered a development for Birmingham that we are all very proud of; we look forward to working with BLG again on our upcoming developments.”
Perry Kurash, head of business development at BLG (pictured above), said Joe and the team possessed the ideal qualities it looked for in a borrower.
“…Proven success at building and selling new homes in their location, drive to deliver a quality product, professionalism at every point and, most importantly, passion for developing fantastic new homes.
“We congratulate Prosperity on this latest project and look forward to working with them on future schemes.”
Perry added that the reason behind its focus on Birmingham was threefold.
“The city is in growth, having already received significant investment in infrastructure and transport.
“Thousands of new jobs have been created, underpinning the employment and renting/homeowning market.
“And the ambitious ‘big city plan’ aims to deliver thousands more new homes, new jobs and billions in investment.
“Birmingham certainly has a buzz about it.
“As a lender, we look for potential underpinned with a good market.
“We have found it here.”