Market Leads & Opportunities
Plans go in for £258m Birmingham resi tower
Build to rent specialist Moda Living has submitted plans to transform Great Charles Street in Birmingham into a high-rise residential-led neighbourhood.The firm said it was looking beyond the coronavirus epidemic and was committed to building a second major scheme in the city.Moda along with joint venture funding partner Apache Capital plans to transform a 2.6-acre, brownfield site in the Jewellery Quarter into a neighbourhood with 722 new homes for rent.Residents would also be provided with co-working spaces, a gym and 24-hour concierge. The development will also feature new public amenities and activate Lionel Street with new shops and commercial space.Family-backed Moda and Apache Capital now have £850m of live schemes under construction across the UK – the first phase of its £2.5bn pipeline of over 7,500 rent-only homes.With further projects across the UK in varying stages of design, planning and development, Moda and Apache Capital are on target to be opening 125 homes a month by the end of 2021.
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