Macfarlanes advises Legal & General on £100m funding of Hockley Mills BTR site

05 January 2021

Macfarlanes has advised long-standing client Legal & General on the funding of a £100m build-to-rent (BTR) site in Birmingham on behalf of its build-to-rent fund (BTR) and Access Development Partnership (a joint venture between Legal & General Capital and Dutch pension fund PGGM).

This marks the sixteenth BTR site, and second in Birmingham, for the Legal & General BTR Fund.

The Hockley Mills site will deliver 395 apartments; one, two and three bedroom, alongside a new entrance to the Jewellery Quarter train station, 116 car parking spaces and 28,000 sq ft of commercial space for retail, leisure and offices.

The Macfarlanes team was led by real estate partner Anthony Burnett-Scott and construction partner Angus Dawson with assistance from senior solicitors Laurie Fletcher, Hayley Cole and Tania Barnes and solicitors Robert Malaney and Shane O’Neill. Tax and reward expertise was provided by senior counsels Sarah Shucksmith and Kirsten Prichard Jones.

Anthony Burnett-Scott comments: “We are delighted to have advised Legal & General once again on the funding of this BTR development which is well suited to the recent household trends emerging through the pandemic”.