Fried Frank advised global real estate investment manager Invesco Real Estate (Invesco) on its £98 million forward-funding investment in partnership with High Street Residential to deliver 484 build-to-rent units in the center of Birmingham, England. The project is known as Holloway Head and construction of the first phase 17-story building is expected to begin in late 2019.
Holloway Head is the 12th asset in Invesco's UK Residential Fund, bringing Invesco's assets under management to approximately £580 million, with approximately 2,279 units across the UK.
High Street Residential is a leading property development company specializing in build-to-rent schemes based in northeast England.
The Fried Frank team was led by corporate real estate partner Patrick Williams and included tax special counsel Will Gay and corporate real estate associates Devina Rana and Joseph Patchitt.