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Shaylor nabs £28m Birmingham build to rent block

24 November 2017

Shaylor has won the contract to build 156 private rental flats on the site of a former jewellery factory in Birmingham.

Grainger has agreed to forward fund and acquire a private rented sector (PRS) apartment scheme in the centre of Birmingham in a deal worth about £28m.

The West Midlands contractor got the green light to start the project when private residential landlord Grainger announced plans to forward fund and acquire the project once finished.

The company has purchased the scheme in Gilder's Yard, from Blackswan Property Ltd which will develop the site alongside construction firm Shaylor Group.

Birmingham is a key target for the group's PRS investment strategy due to its strong economic prospects and growth potential".