UK-based Regal Property Group will be launching its latest development The Bank, located in the heart of Birmingham’s city centre, on May 20 and 21.

The Bank, a £40 million ($72.3 million) scheme, comprises a pair of new towers on Broad Street in Birmingham. The first is an 18-storey tower, which will house a 180-room hotel with a ground-floor restaurant and café. The second tower will be a 22-storey residential tower, with 189 apartments and either retail shops or a restaurant on the ground floor.

The units at The Bank are studios, and one- and two-bedroom apartments. For the Singapore leg of the Asia-Pacific launch, a total of 108 one- and two-bedroom units measuring 467 to 689 sq ft will be released for sale. The starting price for the 108 units, with a tenure of 250 years, is from £178,000.

According to Strawberry Star and Savills, joint marketing agents for the project, the developer is offering attractive payment terms and the development is expected to be completed by August 2018.

The Bank will have a host of facilities, such as a 24-hour concierge service; access to a private gym, residents lounge and coffee bar; restaurants and shops on the ground floor; outdoor greenery, and a secure and private outdoor space.