Following on from securing a £100m forward funding deal with Legal & General on its Hockley Mills build to rent development in Birmingham’s Jewellery Quarter, Sir Robert McAlpine Capital Ventures (SRMCV) have initiated the development with construction work starting on site.

Legal & General, on behalf of its Build to Rent (BTR) and Access Development Partnership (a joint venture between Legal & General Capital and PGGM), will fund the site at Hockley Mills.

SRMCV’s sister company, Sir Robert McAlpine, was appointed as contractor for the development and started construction on a 37-month programme in January 2021. Over the course of the programme they will deliver 395: one, two and three bedroom apartments, alongside a new entrance to the Jewellery Quarter train station, 116 car parking spaces and 28,000 sq ft of flexible commercial space for retail, leisure and offices.

John Parnell, Project Director at SRMCV, said: “This deal demonstrates SRMCV’s significant experience of, and desire to invest in the BTR sector. This scheme will allow us to continue to demonstrate that creating value for people, place and project are central to our business. We are delighted to work alongside Legal & General on this landmark development in the heart of Birmingham’s Jewellery Quarter and hope this will be the first of many projects together in this sector.”

Dan Batterton, Senior Fund Manager, BTR, LGIM Real Assets, said: “We continue to invest throughout the UK and demonstrate the need for homes with functional space to work, alongside convenient access to local cultural and leisure amenities. The Hockley Mills development will deliver high-quality, professionally-managed rental accommodation that can help to address the supply demand imbalance in Birmingham.”

Mark Bessey, Regional Manager at Sir Robert McAlpine, said: “In an iconic location, and with excellent train and tram connectivity, Hockley Mills is one of Birmingham’s most attractive new residential and commercial schemes. Significantly, our project design reflects the site’s rich industrial heritage. We’re proud to have secured the contract to develop this superb site and look forward to adding it to our successful track record of creating landmark city buildings built for contemporary life.”

Latest news from Goodsyard

Hockley Mills reaches completion in Birmingham
13 Dec 2023

Andy Street, West Midlands Mayor, toured this new major Build to Rent project in the heart of Birmingham’s Jewellery Quarter which has created 395 new apartments.

Read more about
Construction update at Hockley Mills
28 Nov 2022

Take a tour around Hockley Mills with Quantity Surveyor, Sam Davey, and watch drone footage of the development.

Read more about
West Midlands Mayor visits Hockley Mills
20 May 2022

We had the pleasure to welcome the West Midland Mayor and Legal & General's Chief Executive at our site in Birmingham this week.

Read more about

Latest news

SRM to lead Tata Steel's Port Talbot decarbonisation
28 Jan 2025

We are thrilled to announce we have been appointed to lead Tata Steel’s £1.25B decarbonisation project at Port Talbot, transforming it into a hub for sustainable steel production.

Read more about
Three Chamberlain Square achieves CCS excellence
23 Jan 2025

Three Chamberlain Square scores 100% in the Considerate Constructors Scheme, setting new standards in sustainability, community care, and workforce value.

Read more about
Innovation and sustainability at Three Chamberlain Square
16 Jan 2025

Three Chamberlain Square, part of the Paradise development in Birmingham, features in a Construction News article focusing on innovation and sustainable construction.

Read more about