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.
The redevelopm... You can carry on reading TheBusinessDesk.com 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...