Multidisciplinary main contractor, Winvic Construction Ltd, has been appointed by Lionel House Developments Ltd and Aberdeen Standard Investments (ASI) to develop a new 14-storey, build-to-rent (BTR) complex.
Lionel House, located on the edge of the Jewellery Quarter, will comprise 259 high quality managed apartments – 156 one-bedroom, 90 two-bedroom and 13 three-bedroom. Other features of the development include a landscaped roof terraces, ground floor communal areas for residents, a 17-space car park and cycle storage for every apartment.
Winvic are due commence the works on Lionel House in June 2019. The scheme, which is the second BTR project that Winvic will be delivering in Birmingham’s Jewellery Quarter, will be ready for occupation by summer 2021. It brings the total number of multi-room beds that Winvic has been contracted for and completed to 7,183.
Mark Jones, Winvic’s Director of Multi-room, commented: “Another contract win in Birmingham’s Jewellery Quarter brings our total current multi-room projects to eight, and we always feel fortunate to work with new clients who have recognised our enthusiasm and expertise. We are looking forward to commencing this 14-storey, 259 apartment scheme later in the year.”
Lionel House Developments Ltd is a development vehicle of Stamford Property Investments Ltd; Matt Horne of Stamford Property Investments Ltd commented: “While this is our third development in Birmingham, it is the first time we have worked with Winvic. The company’s steady growth in the BTR sector, the quality of their projects and their working style impressed us from initial discussions. We are also delighted to be partnering with ASI and are looking forward to Winvic delivering a premium BTR scheme in 2021.”
Ed Crockett at ASI, commented: “The location, on the edge of both the vibrant Jewellery Quarter and the central business areas, make this a fantastic location for build-to-rent. We’re enthused about the deal, as it represents ASI’s first UK investment for its pan-European ASPER fund, but also because we’re working with Stamford Property Developments and Winvic, two experienced and well respected companies in the sector.”