Sold out: Landmark homes are snapped up in five months

The Landmark is being created by the redevelopment of the 140,000 sq ft site of the same name at The Waterfront, near the Merry Hill shopping centre.

It is scheduled for completion in December and is creating 181 homes, a mixture of one and two-bedroomed flats and penthouse apartments.

The Landmark is the former Point North building that was originally the headquarters of banking operation Egg and has been empty for six years.

Steve Bull is among those who have snapped up apartments, which were on sale for £89,950 to £149,950.

Birmingham-based Seven Capital has also sold 75 luxury apartments in the new £10 million Bridgewater House redevelopment in Worcester.

The investor has pledged to build 5,000 homes in the Midlands and is investing heavily in more than a million sq ft of property in the region.

It said local interest in both the Brierley Hill and Worcester sites had exceeded all expectations with strong demand from people and investors.

Phil Carlin, managing director of Seven Capital, said: "As predicted, there has been a strong appetite for both our Bridgewater House and The Landmark properties with local people recognising the growing attraction of Worcester and Dudley as places to live.

"The properties have also offered strong returns for investors and those looking for somewhere that adds real value to their property portfolio.

"As a developer, we have a unique ability to not only anticipate the market, but to respond to it quickly. The demand for new residential properties in the West Midlands is significant and our commitment to the region addresses this."

Seven Capital's plans for St George's Urban Village, a residential-led scheme to transform a string of industrial buildings at Birmingham's Jewellery Quarter, are also gathering momentum.

Phase one of the project includes the redevelopment of The Kettleworks, which Seven Capital bought last year. Go-ahead was recently given to transform the building into more than 300 apartments.

The development, on land between Pope Street and Carver Street, will eventually see more than 600 homes created on a six-acre site.

The real estate and development company has invested £100m in the Birmingham market in recent months and £300 million in commercial, residential and hotel projects outside of London over the last two years.