£60m funding secured for 14-storey city centre scheme
A major property fund has made its first investment in the UK, backing the development of a 14 storey apartment block in Birmingham city centre with £60m.
The Aberdeen Standard Pan-European Residential Property Fund (ASPER) is forward funding the redevelopment of a 10-storey post office building on Lionel Street into 259 apartments for private rental.
The development is in partnership with Lionel House Developments, a development vehicle of specialist residential property firm Stamford Property Investments.
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