Canadian investor Realstar is under offer to acquire LaSalle’s One Exchange Square build-to-rent scheme in Birmingham for more than £100m.
The scheme comprises 603 homes in three buildings, with 30,000 sq ft of ground-floor retail and leisure space.
It also features a 20,000 sq ft gym, 5,000 sq ft members’ club-style hub, roof garden and 182 basement car parking spaces.
LaSalle acquired the land with planning consent from Nikal for £100m in 2016.
Realstar is also looking to acquire LaSalle’s Greengate operational BTR scheme in Manchester, comprising 497 homes in two towers.
LaSalle acquired the site in 2016 for £110m.
Savills is advising LaSalle on the sale.
All parties declined to comment.
Send feedback to Akanksha Soni
Follow Estates Gazette
