Long Harbour Completes Landmark Build To Rent Scheme In Birmingham
Long Harbour, the UK real estate and asset-backed investment manager, has completed its 18-storey, 206-unit residential development in the heart of Birmingham.
Long Harbour acquired the site in 2016, forward funding the £38.7m scheme to build one of the city’s first ever purpose build-to-rent schemes. The Lansdowne offers 139 one-bedroom, 63 two-bedroom and four three-bedroom apartments and also boasts more than 10,000 sq. ft of shared social spaces, including The Cultural Mixer, with a community kitchen, pool table and big screen entertainment; The Bike Shed, a high end bike workshop and storage facility; The Lounge, a snug library and The Landing, a communal working space, as well as a fitness studio.
At The Lansdowne, Long Harbour’s in-house operating platform Way of Life, will market, let and manage the building, and ensure they exceed their customers’ expectations by offering them the very best of central urban living. Residents will enjoy the benefit of dedicated Customer Relations Managers as well as round-the-clock concierge service, a dedicated handyman, secure on-site parking and carefully designed customer event programmes, creating a strong sense of community.
Located on Hagley Road, on the edge of Edgbaston Village to the Western side of central Birmingham, The Lansdowne will set a new benchmark of quality living in the city and is well located given its proximity to an array of boutique cafes, shops and restaurants as well as easy access to the city centre, university campus, and green spaces such as Edgbaston Reservoir and the Botanical gardens.
To deliver the project, Long Harbour teamed up with SevenCapital, as the project’s development partner and Interserve as the project’s construction partner and lead contractor. Together, the three companies have delivered the development significantly ahead of schedule, ensuring The Lansdowne is ready to welcome its first customers in April.
James Aumonier, Chief Operating Officer at Long Harbour, said: “We are very proud of this landmark build-to-rent residential scheme which sets a new benchmark for urban living in Birmingham. It’s a wonderful city going through a renaissance that we’re pleased to be a part of. Our in-house operating platform Way of Life is already completing our first tenancies and the scheme is attracting a wide breadth of resident, promising to create the exciting, diverse community we aspire to.
“The project has been delivered by an exemplar team of three companies who have combined their skills and experience to deliver a unique project ahead of schedule, which is testimony to the hard work and efficiency of our contractor, Interserve and development partner, SevenCapital.”
Phil Carlin, Managing Director at SevenCapital, said: “Demand for high-end apartment living in the city centre has surged in recent years as Birmingham continues to transform itself into a world class destination.
“As Birmingham’s second-ever purpose-built PRS scheme, The Lansdowne is leading the way for this evolving residential sector within the city and forms a significant part of SevenCapital’s wider, 3,305 residential development pipeline in and around Birmingham.
“Its ahead-of-schedule completion pays testament to the hard work and dedication to the project by our partners at Interserve and Long Harbour.”
Simon Butler, Divisional Director at Interserve Construction, said: “Birmingham is currently going through a huge transformation with large areas of the city being regenerated. The private rented sector, a key strategic area for Interserve Construction, is showing real growth and we are delighted to have shown our expertise and capability on this landmark project, working in partnership with SevenCapital and Long Harbour.
“To beat the completion deadline by six weeks is a real testament to the hard work, experience and expertise in Interserve. The scheme has championed modern methods of construction from the outset and is a fantastic example of offsite manufacturing and on-site assembly which particularly suits this market sector”.