Moda Living secures trio of PRS developments in Birmingham, Liverpool and Glasgow

Harrogate-based Moda Living, the developer and operator behind one of the UK’s largest regional Private Rented Sector (PRS) portfolios, has recently secured a trio of landmark PRS developments in Birmingham, Liverpool and Glasgow.

Last month Moda Living, which was formed through a partnership between Caddick Group Plc and Generate Land Ltd, announced plans for a £154m PRS residential tower for Birmingham city centre.

The company will be transforming a 0.77-acre site into a premium purpose-built rental development on Broad Street, Birmingham.

The 37-storey tower will comprise 466 high-specification apartments, approximately 30,000 sq. ft. of dedicated communal amenity space and approximately 35,000 sq. ft. of retail, office and leisure space, creating a new central destination for Birmingham.

This announcement was soon followed with Moda Living secruing planning consent for its £82m waterfront rental community, ‘The Lexington’ in Liverpool’.

Named after the building’s New York-inspired design, the 34-storey Lexington forms part of the Peel Group’s £5.5bn Liverpool Waters regeneration masterplan and will be the tallest residential landmark in the Liverpool Waters, featuring 304 high-specification apartments.

Most recently, Moda Living also announced plans to redevelop the former Strathclyde Police HQ in Glasgow into Scotland’s first major build to rent development.

The £105m development of 365 apartments will also feature more than over 20,000 sq ft of ancillary ground floor space including cafes, restaurants, workspace and gardens.

Tony Brooks, managing director at Moda Living, commented: “Our recent successes in these three major UK cities are testament to our ambition to become the UK’s leading developer and operator rental brand and a key indicator of the strength of the PRS market.

“As we continue to expand our PRS portfolio, we are closer to realising our vision to change the face of regional city centre renting and bring to market a best-in-class UK wide rental platform offering a lifestyle choice not currently available outside of London.

“It is a very exciting time for the company and with more projects in the pipeline, we look forward to more successes in 2017.”