03 Nov 2022

PIC Invests £200M in Birmingham’s First Official Skyscraper

PIC Invests £200M in Birmingham’s First Official Skyscraper
Image Credit: Glancy Nicholls Architects

Pension Insurance Corporation (PIC) is investing £200m to fund the construction of a new build-to-rent skyscraper in Birmingham.

The development will consist of 667 apartments, split across a

  • 16-story building
  • 51-story building, the tallest build-to-rent tower outside of London.

The project is expected to create 300 new jobs. Plans are in place to create a student academy, and provide students with work experience and on-site training.

Residential developer, Court Collaboration will work alongside PIC to execute the project.

PIC’s head of build-to-rent Delphine Deasy said “I am delighted that we have now acquired our fourth build-to-rent project. The 667 apartments development will have a positive effect on the local economy, including creating hundreds of job opportunities and supporting the training of local students. At the same time, it will provide long-term, secure cashflows to back our policyholders’ pension payments in the decades ahead”.

Anthony McCourt CEO of Court Collaboration said “This £200m investment by PIC confirms that confidence in the build-to-rent sector continues to grow in Birmingham. One Eastside will see Court Collaboration leading the way in the West Midlands build-to-rent market with this landmark development being the jewel in the crown of the city’s build-to-rent offering. Once completed, One Eastside will provide a new benchmark for quality. Court hopes this is the start of a wave of skyscraper living in our brilliant city.”

Source: Construction Wave

London Build is the UK's leading construction & design show. Gain access to 500+ incredible speakers across 8 stages, 350+ exhibitors, Meet the Buyers, live product demos, networking parties, entertainment, live music, the UK’s biggest Festival of Construction and endless networking opportunities with leading architects, developers, housebuilders, contractors, government and more. 




Over 2 days



At Olympia London's Grand Hall



Across 8 Stages



Free to attend