The Bradford Works project is a key part of the company’s ambitious Great Hampton Street Masterplan.
The financing recognises Cordia’s commitment to urban regeneration and energy-efficient design across the UK and Birmingham’s built environment.
Bradford Works, located at the corner of Harford Street and Barr Street on the northeastern edge of Birmingham’s historic Jewellery Quarter, and will transform a derelict industrial building into a 54-unit shared living scheme aimed at postgraduate students, young professionals, and Gen Z renters.
The project balances architectural heritage and modern sustainable designs, making it a flagship example of Cordia’s environmentally conscious approach to city regeneration.
András Kárpáti, CEO of Cordia UK, said: “Bradford Works embodies our mission to merge the charm and character of Birmingham’s industrial heritage with forward-looking urban living,
He added: “We’re proud to breathe new life into a historic structure while introducing energy-efficient technologies that reduce our and our residents’ environmental footprint while enhancing their quality of life.
This development is a testament to how thoughtful design and sustainability could coexist — setting a new standard for urban regeneration across the UK.”
Lloyds supported the project with a £5.25m Clean Growth Financing Initiative (CFGI) finance package, a solution that recognises firms that demonstrate measurable progress in a range of environmental considerations, including carbon reduction, energy efficiency, and responsible material use.
The loan underlines Cordia UK’s strategic focus on achieving long-term ESG benchmarks within its real estate portfolio.
The redevelopment plan includes the demolition of a poor-quality mansard roof, conversion of a basement and existing floors, and construction of two new black terracotta-clad levels featuring perforated metal.
By retaining and reusing the existing structure, the project significantly reduces embodied carbon, contributing to Cordia’s low-impact construction strategy.
The development’s energy system will incorporate a central Air Source Heat Pump (ASHP) for hot water generation which will be distributed throughout to all points of use in the building.
Ventilation arrangements to all units are provided by localised extract fans and natural trickle supplies, while 37kW Solar PV capacity of system is expected to generate roughly 34,600 kWh of renewable energy annually.
This will reduce the building’s carbon emissions by around 6.1 tonnes per year – resulting in almost 10 per cent of energy savings.
All studio units are projected to achieve EPC A ratings for both energy efficiency and environmental impact, which will place Bradford Works among the highest-performing residential buildings in its category.
These features align with Cordia UK’s broader sustainability framework, prioritising long-term energy savings, operational efficiency, and resident well-being.
The project will deliver both environmental and socio-economic value, enhancing Birmingham’s housing offer with sustainable, affordable, and community-focused living spaces.
The apartments come with all-inclusive rent covering all utility bills and council tax, among others, and are still around 20 per cent cheaper than the rent for an average one-bedroom build-to-rent unit.
