A major built-to-rent scheme in Birmingham has marked a significant milestone ahead of its full completion later this year.

A topping out ceremony was held for phase one of Nikal's Exchange Square project, also known as Allegro.

The first two buildings of the scheme are complete and the final 27-storey tower is on track for completion in November 2019.


The Deputy Lord Mayor of Birmingham, Councillor Yvonne Mosquito, joined representatives from main contractor Sir Robert McAlpine, Nikal and LaSalle Investment to celebrate the milestone.

Allegro was Birmingham's first significant build-to-rent scheme and acted as a catalyst for further BTR in the city. LaSalle Investment Management forward funded the development on behalf of one of the UK's largest pension funds in a £105m deal – one of the largest forward funding deals for a scheme of this size outside of London. 

(CM/JG)