Delph Property Group is bringing forward the launch of its £16 million apartment complex in the city's Jewellery Quarter.

The London-based group acquired the second phase of 'The Quarter', in Warstone Lane, earlier this year from Morris Homes which started work on the project in 2011.

This phase, built on a vacant plot of land close to the area's famous Chamberlain Clock tower, has been renamed Metalworks and comprises 105 one-, two- and three-bedroom apartments which will be launched to market at the end of this month ahead of a planned completion next April.

It said it was launching the flats after recent figures showed homeowners could save nearly £1,000 per year compared to those who rented.

Sales director Richard Forman said: "The Jewellery Quarter is a vibrant and thriving region of the city, and we’re delighted to be part of the regeneration of this much loved area.

"As real hotspot in Birmingham, we have seen a big interest in the property available here, so are excited to be able to meet this increase in demand.

"The Midlands offers real attractive buying opportunities and Metalworks is ideal for young professionals as the area benefits from a great choice of local amenities and excellent transport links."

Kathryn Molloy, director at Maguire Jackson, said: "The Metalworks development is a welcome addition to Birmingham city centre, in an area that has proved to be very popular with house hunters already.

"It's great to see developers on the ground in such a prominent area of the city and we look forward to seeing what is set to be some very impressive apartments."