With a height of almost 154 meters, One Eastside will be the city’s tallest residential building, and it will house 667 rental apartments close to the upcoming HS2 station on Curzon Street. The project consists of two buildings with courtyards and residential gardens, a gym, a movie theatre, and a residents’ sky club on the 51st floor with views of the entire city.
After the contractor is revealed in the following weeks, the 46-month construction schedule is expected to begin on-site. Anthony McCourt, CEO of Court Collaboration, said: “Pension Insurance Corporation’s £200 million investment demonstrates Birmingham’s growing trust in the build-to-rent industry. With this major property serving as the crowning achievement of the city’s Build to Rent portfolio, One Eastside will see Court Collaboration taking the lead in the West Midlands Build to Rent sector.”
Delphine Deasy, Head of Build to Rent at PIC, said: “I am thrilled that PIC has now acquired our fourth build to rent project, putting £200 million into central Birmingham. PIC is a sizable and purposeful investor in the housing and infrastructure sectors of the UK. The construction of the 667 apartments will benefit the local economy by generating hundreds of new job opportunities and assisting in the education of local kids.”