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UK: McLaren Living and Heim Global Investor have revealed plans for a £130 million build-to-rent (BTR) scheme in Birmingham.
The 456-unit Oasis development on Kent Street is the partners’ second project, following the Water Lane development in Leeds.
Oasis will provide one- and two-bedroom apartments, a gym, residents’ lounge and coworking space.
The 11-storey development is being forward-funded by Heim with McLaren Living acting as developer and Winvic as contractor.
Matthew Biddle, managing director of McLaren Living, said: “Following our successful collaboration with Heim on Water Lane in Leeds, we are delighted to build on our trusted partnership and add to our strong pipeline of projects across the UK’s best locations and cities. Oasis, with its city centre location, local amenities and good connections is a great addition to our portfolio. We are looking forward to continuing to grow our partnership with Heim and collaborate on developments where we have a shared vison.”
David Peacock, director at Heim Global Investor, added: “We are delighted to continue our partnership with McLaren Living, alongside Winvic Construction, to deploy more capital for our UK build-to-core fund. This development fits perfectly with our strategy of developing mid-market rental homes across the UK’s key cities with experienced partners. We continue to be very active in the market and have a strong pipeline of opportunities as we continue to grow our presence in the UK.”
Oasis is expected to complete in 2029.
Highlights:
• McLaren Living and Heim Global Investor have revealed plans for a £130 million build-to-rent (BTR) scheme in Birmingham
• The 456-unit Oasis development on Kent Street is the partners’ second project, following the Water Lane development in Leeds
• The 11-storey development is being forward-funded by Heim with McLaren Living acting as developer and Winvic as contractor
