London—Dentons has advised leading investment manager Harrison Street on its development joint venture with NFU Mutual and Apache Capital, for the acquisition and funding of Moda Living’s £302m Great Charles Street build-to-rent (BTR) development in Birmingham. Harrison Street and NFU Mutual have teamed up with Apache and Moda on a number of other BTR schemes – this is the sixth deal they have done together and is one of the UK’s largest regional BTR scheme.

Moda will develop, manage and operate the 722-home development, which is set to begin phased delivery in October 2025. The new scheme will feature a range of luxury finishes and amenities, including a rooftop terrace and BBQ areas, gym with personal training and classes, residents’ lounges, private dining, cinema room and coworking space.

Corporate partner Jonathan Cantor commented: "We are delighted to have advised Harrison Street, a key and longstanding client, on this joint venture. In closing this exciting project, we were able to utilise the strengths of our corporate, real estate and banking teams, as well as involve team members in Luxembourg. This deal, our second of 2023 for this client, shows the resilience of the BTR sector in the UK."

The cross-departmental team was led by Corporate partner Jonathan Cantor and included Banking partner Simon Tweedle and associates Charlotte Miles and Josh McKnight, Real Estate partner Laura Gowing and senior associate Sam Leyland, Construction senior associate Roddy Cormack and associate Elizabeth Darley and Planning associate Megan Forbes. The Corporate team in Luxembourg was led by partner Namik Ramić with assistance from associate Mebru Bagdadioglu.

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