Legal & General Investment Management is looking to sell its operational build-to-rent asset The Whitmore Collection in Birmingham for offers over £60m.
The asset comprises 220 homes and 7,500 sq ft of ground-floor commercial space, together with a public square and 61 car-parking spaces.
LGIM forward-funded the scheme in 2017 on behalf of Spitfire Bespoke Homes for £53m.
LGIM will dispose of the asset to reinvest capital into new developments.
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