Goldman Sachs backs Birmingham skyscraper in £118m deal

Composite image showing Moda's planned 42-storey development on Broad Street, The Mercian
The developer of a 42-storey residential tower in Birmingham has secured a £118m debt facility from Goldman Sachs ahead of the ground breaking at the site. Apache Capital Partners and Moda Living are building Birmingham’s largest residential tower on Broad Street, opposite the Bank towers. The build-to-rent development will offer 481 apartments of up to three-bedrooms and long-term rents of up to five years. Richard Jackson, managing director and co-founder at Apache Capital said: "Birmingham has incredible long-term inves... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...