Work To Begin on Keystone Property Group’s Birmingham PRS Project

21 Sep

Work To Begin on Keystone Property Group’s Birmingham PRS Project

Work is set to get underway on one of Keystone Property Group’s largest developer-lending private rented sector (PRS) projects. 

The build-to-rent (BTR) scheme, known as Holloway Head, is the group’s third Birmingham PRS project. 

Over 17-storeys, Holloway Head comprises 22 studios, 261 one-bedroom and 204 two-bedroom apartments. Along with 3960 sq ft ground-floor retail space, car parking and landscaped residents’ courtyards. 

In September 2019, Holloway Head was sold to Invesco in a forward funding agreement. Invesco is one of the world’s leading investment managers, controlling over £800 billion worth of assets.

The homes are expected to be managed by US BTR giant Greystar. With construction of the first phase of the development predicted to begin later in 2019.

Keystone Property Group’s other Birmingham projects include Westminster Works, on which work began earlier in the year. Exited in 2018, investors were awarded an average 21% return. 

Holloway Head will see the regeneration of a 1.3-acre brownfield site, which had remained vacant for 25 years. Planning permission was granted in May 2018. 

Keystone Property Group CEO Desmond Conway said: “Birmingham is undergoing significant regeneration, enticing thousands to relocate to the city every year.”

“With demand rising, there’s a real need for high-quality living spaces in the city centre. That one of the world’s biggest institutional investors has purchased the development, is a testament to the calibre of our developer lending projects.”

About Keystone Property Group

Specialising in traditional and alternative property investment opportunities, Keystone Property Group bridge the gap between developers and investors. The Group source and create exclusive high-return prospects that meet the demands of the modern investment market. Working with both world-leading developers and an extensive network of national and international property investors, both parties are rewarded with services they require, including development, development acquisition, and developer level returns. Raising £60 million over a three-year period, and delivering clients average returns of 19.4%, Keystone Property Group is one of the fastest-growing real estate investment firms in the UK.

Write a Reply or Comment

 

In order to view this website, it is necessary to declare yourself as one of the below.

These investments are NOT covered by the Financial Services Compensation Scheme (FSCS) and clients will NOT have access to the Financial Ombudsman Service (FOS). All investors should seek independent professional advice before deciding to invest.

Risk Disclaimer

Your capital may be at risk. Past performance is not necessarily indicative of future results. All property investments carry risk and all property investment decisions of an individual remain the specific responsibility of that individual. All property investors are advised to fully understand all risks associated with any kind of investing they choose to do and seek professional investment advice when necessary. The investment opportunities are property related are not covered by the Financial Services Compensation Scheme (FSCS) and clients will NOT have access to the Financial Ombudsman Service (FOS).

Please confirm you are high net worth individual, Sophisticated investor or Professional investor as described by the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended): persons described in article 19(5) (investment professionals), persons falling within article 49 of the FPO (‘High net worth companies, unincorporated associations etc’), persons who fall within article 48 of the FPO (‘certified high net worth individual’), persons who fall within article 50 of the FPO (‘certified sophisticated investor’), persons who fall within article 50A of the FPO (‘self-certified sophisticated investor’)

I confirm I am a qualifying person