Heim Global Investor and McLaren Living have partnered to deliver a 456-home Build-to-Rent development located on Kent Street, Birmingham.
The development is the residential specialist investment manager and the BtR and co-living developer’s second partnership after the Water Lane development in Leeds.
Known as Oasis, the Birmingham development is located on Kent Street, an area that is undergoing significant regeneration. The £130million investment is being forward funded by Heim, with McLaren Living acting as the developer, and Winvic as contractor.
Heim and McLaren Living first partnered on Water Lane in the South Bank regeneration area of Leeds, where the 375-home BtR development is now mid-construction and due to complete in 2027.
Oasis is centrally located and is close to key cultural and social hubs within Birmingham in an area becoming increasingly established as a desirable residential location within the city centre.
The new 456-home development will consist of one and two-bedroom homes within an 11-storey building, along with a gym, residents’ lounge and co-working space, while external amenities include a landscaped resident courtyard and terraces.
The development will be delivered to Heim’s market-leading sustainability standards, with their UK Residential Fund recently being awarded a five-star GRESB rating.
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, said: “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.
