A 25-storey residential tower in Birmingham has been completed – making it the city’s largest purpose-built private rented housing development
The residential tower in Birmingham, Allegro at Exchange Square, is adjacent to the new HS2 terminal and offers 603 high-quality apartments built exclusively for rent.
A mix of studios and one, two and three-bedroom homes are provided across three buildings, joined by a private 20,000 sq ft landscaped roof garden and a 5,000 sq ft ‘resident’s hub’ that includes a concierge, members’ club-style lounge, parcel lockers and state-of-the-art ‘wellness centre’.
The tower contains 296 homes and has just been completed, with the first five floors of the phased release – totalling 56 apartments – now available to rent, including the penthouse floors.
Rents at Allegro at Exchange Square start at £690 per month and include access to all shared spaces, use of a bespoke residents’ app and round-the-clock hotel-style concierge.
Allegro residential tower
On the ground floor of Allegro there is 30,000 sq ft of prime retail/leisure space that opens onto new landscaped public realm creating an ‘urban village’ feel.
The scheme, developed by Nikal and funded by LaSalle Investment Management, launched the first phase in April this year and sits as part of Nikal’s wider Exchange Square regeneration.
Andrew Stanford, head of UK residential at LaSalle Investment Management, said: “The completion of the tallest tower at Allegro is a landmark not only for LaSalle but also Birmingham. High quality, well located, homes designed specifically for long-term rent at an accessible price will be crucial to supporting the city’s long term growth by helping attract and retain talent through offering graduates and young professionals flexible yet secure housing with an unrivalled level of customer service.”
Nigel Bosworth, director at Savills, commented: “The initial response from residents has been overwhelmingly positive and we’re looking forward to welcoming yet more people to Allegro.
“There is clear need for high-quality and high service homes to rent in Birmingham and we are proud to be meeting this demand.”
Darren Jones, development director at Nikal, added: “We’re immensely proud of Exchange Square Phase One, and it’s a great pleasure to hand over the final Allegro building. The exceptional quality of the design, build and finish is testament to everyone who worked so hard to deliver it – for LaSalle and for the city of Birmingham.
“This has been an exciting chapter in our regeneration of Masshouse, and we’re looking forward to the next instalment; Phase Two Exchange Square.”