BTR News Build to Rent (BTR)

Nikal appoint McAleer & Rushe to deliver first phase of Exchange Square in Birmingham

Developer, Nikal has appointed McAleer & Rushe to deliver the first phase of its second Exchange Square Build to Rent development in Birmingham.

Nikal has announced they have appointed McAleer & Rushe – in these unprecedented times – to deliver the first stage of its £120m second Exchange Square development in Birmingham City Centre.

The residential building – which is the tallest on the site – will include 375 Build to Rent apartments, which has been pre-sold to Grainger plc. The stage one works have a value of £68m and will be a significant addition to the Birmingham skyline. 

“We’re excited to be getting on site and commencing the delivery of this element at Exchange Square. We first met McAleer & Rushe in MIPIM last year and held initial discussions about this and a number of other pipeline projects.

“They are one of the UK’s leading design and build contractors with a 50-year heritage and an impressive portfolio of landmark projects in the residential sector. In addition to all this experience and success, they have a pure passion and enthusiasm for construction that, as a client, you look for in your main contractor. 

“Their professionalism, thoroughness and expertise has been evident in all our dealings and we are very pleased to be able to bring them on board to deliver this first stage of Exchange Square two on behalf of ourselves, and Grainger plc.”

Darren Jones, Development Director, Nikal

The appointment follows Nikal’s announcement of the contracts signed with Grainger plc to deliver the Build to Rent homes. Work on the landmark 37-storey residential tower and half-an-acre of new public square opposite HS2 Curzon Birmingham starts this week (July 2020) – with completion scheduled for summer 2023. 

Exchange Square two is the latest element in the second phase of Nikal’s Masshouse project, a major £350m regeneration plan to redevelop one of the parcels of land created through the removal of Masshouse Circus, the city’s ‘concrete collar’ ring road, in 2002. 

Nikal has also gained planning for a 15-storey, 235-bed Premier Inn Hotel and 6,000 sq ft Bar+Block Steakhouse Restaurant, both pre-let to Whitbread, and 7,500 sq ft of high quality retail space with 63 under croft car parking spaces – all of which will be delivered in stage two of works. 

“We are thrilled to be entrusted as Design & Build Partner for this stage of the major development at Exchange Square where we have worked collaboratively with the development teams at Nikal and Grainger, to reach this key milestone.  

“Using our expertise in the residential and Build to Rent sectors, we will be implementing modern methods of construction to complete the tower building, paving the way for the successful and sustainable delivery of the project for all stakeholders involved and much needed homes in the area.

“We are nearing completion on a high-rise student project at Lancaster Circus in the city and are very pleased to continue our engagement with the local community and provide further employment opportunities as construction progresses.”

Emmett McGinley, Commercial Director, McAleer & Rushe

Nikal has assembled a highly accomplished and experienced professional team to work alongside McAleer & Rushe – to deliver Exchange Square two. This including architects – Stephenson Studio, engineers – Structural Engineering, fire safety engineers – Design Fire Consulting, Williams Gallagher planning consultants, Arup services engineers and employer’s agent, Artal.

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