The finance companies have announced the development of a new 440 unit Build To Rent program in Birmingham.
Harrison Street, an alternative real estate asset company, is in a joint venture with investment consultancy firm Cortland, developing the project which will be known as Cortland Broad Street.
It will consist of a 35-storey tower and a six-storey apartment building; In total, there will be 440 one and two bedroom apartments with over 12,000 square feet of amenity space, including a gym, movie theater, collaborative workspace, lounges for residents, a private dining room and a roof terrace.
The program should be delivered in early 2024.
âBirmingham is home to the largest concentration of businesses outside of London and is seeing significant investments in new public transport options that make it easier to live and work in the city,â said Harrison Managing Director Paul Bashir.
Cortland’s European Senior Director, Owain Thomas, says: âSince entering the UK market in 2017, our aim has been to redefine and reinvent the UK rental experience. We have strived to achieve this by importing our proven rental model focused on US residents to the UK for both construction and rental and other private rental sectors.
âWith Cortland Broad St., Cortland will revise market expectations as we bring our unprecedented residential management offering to market. “
Cortland recently announced the acquisition of Qdime Group, a UK-based residential property management services company with over 30,000 units under management.
The investment confirms Cortland in the top 10 of the largest block management providers in the UK.