Bedell Cristin advises Harrison Street on its development joint venture for the acquisition and funding of Moda Living’s BTR development
10 May 2023
Bedell Cristin has advised leading investment manager Harrison Street on its development joint venture with NFU Mutual and Apache Capital, for the acquisition and funding of Moda Living’s £302m Great Charles Street build-to-rent (BTR) development in Birmingham. Harrison Street and NFU Mutual have teamed up with Apache and Moda on a number of other BTR schemes – this is the sixth deal they have done together and is one of the UK’s largest regional BTR scheme.
Moda will develop, manage and operate the 722-home development, which is set to begin phased delivery in October 2025. The new scheme will feature a range of luxury finishes and amenities, including a rooftop terrace and BBQ areas, gym with personal training and classes, residents’ lounges, private dining, cinema room and coworking space.
The Bedell Cristin team was led by partner Bruce Scott and senior associate Daniel McAviney.