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Based in Birmingham, the £184m Broad Street project will feature around 31,000 sq ft of co-working areas, communal lounges and dining facilities.
Jane Imrie

Apache and Moda's tallest scheme secures Goldman Sachs funding

London firm Apache Capital Partners and Yorkshire developer Moda Living have secured funding from Goldman Sachs for a new build-to-rent development.

Based in Birmingham, the £184m Broad Street project will be the first UK build-to-rent plan for the investment giant, featuring around 31,000 sq ft of amenity space, including co-working areas, communal lounges and dining facilities.

The project will mark the latest collaboration for institutionally-backed London investment firm Apache Capital Partners and Harrogate-based rental developer Moda Living, with 6,500 apartments already developed across nine cities in England and Scotland.

Richard Jackson, managing director and co-founder at Apache Capital said: “We’re delighted to partner with Goldman Sachs for their first UK multifamily deal. Birmingham has incredible long-term investment potential with considerable investment underpinning new infrastructure and employment.”

Johnny Caddick, managing director at Moda Living, added: “We are excited to get started on our tallest scheme to date and the funding is a massive vote of confidence for quality build-to-rent in Birmingham.”

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