MODA joins forces with leading global investor KKR & Co. Inc. to launch a brand new build-to-rent platform in Birmingham

The long-term aim from Moda and KKR & Co is to deliver 5,000 new homes, starting with 398 units at the New Garden Square project, in Edgbaston.

Moda and KKR have acquired the two-acre site from Calthorpe Estates, with Moda working closely with Court Collaboration, a Birmingham based developer, on design and procurement to bring forward the scheme. The neighbourhood will sit within Calthorpe Estates' Edgbaston Village regeneration, which will deliver new homes, retail and leisure amenities to the Birmingham quarter set around a new garden square.

Tony Brooks, Managing Director at Moda Living, said: "We are thrilled to be launching a new living platform with KKR, who share our vision of creating and running state-of-the-art rental communities to cater to all demographics". They are a fantastic global strategic partner, and with our joint ambition and complementary skill sets we are in a strong position to roll out our strategy across the UK.

Rosa Brand, Director at KKR, commented: "Build-to-rent residential remains a priority sector for us in Europe, and we are very excited to create a unique, best-in-class portfolio with our strategic partners Moda Living".

Anthony Court, Managing Director of Court Collaboration, added: "New Garden Square is a truly exciting scheme for our city and we're delighted to see the development progressing with Moda Living. Both companies have so much love for Birmingham; a city well and truly on the up and we are thrilled Moda and KKR have bought into our ambition here."

Ralph Minott, Masterplanning and Development Director at Calthorpe Estates said:"We are delighted to have enabled a new strategic partnership on the Calthorpe Estate for Moda-Living and KKR to launch their new venture. New Garden Square has remained an important part of Calthorpe Estates heritage since its first regeneration into offices in the 1950s from historic Edgbaston residences, and will be a key part of the vibrant Edgbaston Village outer city centre district."

Moda Living is close to completing its first project in Birmingham, the 42-storey Mercian tower in Broad Street containing 481 apartments, and in late 2019 secured consent for the 722-apartment Great Charles Square, to be built on Ludgate Hill Car Park in the Jewellery Quarter and reaching 39 storeys.