Transactions - NOVEMBER 22, 2022

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Court Collaboration and PIC to deliver €232m Birmingham BTR

by Andrea Zander

Birmingham’s specialist residential developer, Court Collaboration, has agreed to a €231.6 million ($237.9 million) forward-funding partnership with Pension Insurance Corporation (PIC) to deliver the city’s One Eastside scheme.

Approved in April 2021, One Eastside features a 51-story skyscraper at over 154 meters (505 feet) tall, and the development will see 667 Build to Rent apartments built near the new HS2 station on Curzon Street. The scheme comprises two buildings, with residential gardens and courtyard spaces, as well as a gym, cinema and residents’ sky lounge on the 51st floor, boasting incredible views across the city. It is the first scheme coming out of Court’s joint venture with Sir Tony Gallagher’s family office, where he is funding all schemes. A 46-month build program is set to start on site in early November, and the contractor will be announced imminently.

One Eastside will create more than 300 new jobs, with plans for the creation of a stu

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