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Harrison Street JV expands portfolio with Moda Living in U.K.’s largest regional BTR deal
Harrison Street has expanded its build-to-rent (BTR) joint venture with U.K. investment manager Apache Capital and NFU Mutual to fund Moda Living’s Great Charles Street, a 722-home BTR development in Birmingham, U.K.
It is considered one of the largest regional BTR funding deals completed in the United Kingdom. Moda will develop, manage and operate the £302 million (€342 million/$374 million) by gross development value Great Charles Street, which is set to begin phased delivery in October 2025 and will prioritize leading ESG certifications.
The development is one of the largest regeneration projects in Birmingham’s city center and within walking distance to key leisure destinations. Once completed, it will offer 722 homes for rent, ranging from spacious studios to three-bedroom apartments