Winvic Construction Ltd has been appointed by Lionel House Developments Ltd and Aberdeen Standard Investments (ASI) to develop a new 14-storey build-to-rent (BTR) complex
Located on the in Birmingham’s Jewellery Quarter, the development will comprise 259 high quality managed apartments. Including 156 one-bedroom, 90 two-bedroom and 13 three-bedroom residence.
Features of the development also include a landscaped roof terraces, ground floor communal areas for residents, a 17-space car park and cycle storage for every apartment. Winvic is due to commence the works on Lionel House in June 2019 and will be ready for occupation by summer 2021. It brings the total number of multi-room beds that Winvic has been contracted for and completed to 7,183.
Mark Jones, Winvic’s Director of Multi-room, commented: “Another contract win in Birmingham’s Jewellery Quarter brings our total current multi-room projects to eight, and we always feel fortunate to work with new clients who have recognised our enthusiasm and expertise. We are looking forward to commencing this 14-storey, 259 apartment scheme later in the year.”
Matt Horne of Stamford Property Investments Ltd added: “While this is our third development in Birmingham, it is the first time we have worked with Winvic.
“The company’s steady growth in the BTR sector, the quality of their projects and their working style impressed us from initial discussions. We are also delighted to be partnering with ASI and are looking forward to Winvic delivering a premium BTR scheme in 2021.”
Ed Crockett at ASI commented: “The location, on the edge of both the vibrant Jewellery Quarter and the central business areas, make this a fantastic location for build-to-rent.
“We’re enthused about the deal, as it represents ASI’s first UK investment for its pan-European ASPER fund, but also because we’re working with Stamford Property Developments and Winvic, two experienced and well-respected companies in the sector.”
