Apache Capital Partners and Harrison Street plan to fund a build-to-rent (BTR) development in central Glasgow, Scotland, that will be delivered and managed over a long-term horizon by Moda Living, a U.K. investor, developer and operator of BTR housing.
The scheme, known as Holland Park, will see the former Strathclyde Police headquarters on Pitt Street replaced by four apartment blocks providing 433 homes for rent in total. Demolition works have already started on-site, with completion due in March next year.
The investment is the fifth project in the BTR joint venture between Apache Capital and Harrison Street. Apache, backed by U.K. insurer NFU Mutual, and Harrison Street launched the JV to deliver high-quality BTR developments in core cities across the United Kingdom.
In addition to Holland Park in Glasgow, current Moda neighborhoods being funded by the joint venture include The Lexington in Liverpool, The Mercian in Birmingham, New York Square in Leeds, and
