Funding deal for Moda £120m Glasgow build to rent scheme

Funding deal for Moda £120m Glasgow build to rent scheme

Build to rent developer Moda has secured financial backing for plans to build 433 rental homes in four blocks on the former Strathclyde Police HQ site in Glasgow.

Investors Apache Capital and Harrison Street have signed off funding for the scheme on Pitt Street, which will be known as Holland Park.

Designed by HAUS-Collective, the four buildings will range from six to 22 storeys in height, set around a new public courtyard.

Moda residents will also have access to landscaped terraces overlooking the Glasgow skyline, while mixed commercial and leisure space will be provided on the ground floor, including cafes, bars, restaurants and co-working facilities.

The investment is the fifth project in the BTR joint venture between Apache Capital and Harrison Street.

In addition to Holland Park in Glasgow, current Moda neighbourhoods being funded by the joint venture include The Lexington in Liverpool, The Mercian in Birmingham, New York Square in Leeds, and Springside in Edinburgh, representing a total of 2,322 homes.

updated: 07/01/2021

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