Allegro Finalizes Sale of Birmingham Build-to-Rent Scheme

Bryan Cave Leighton Paisner LLP, an international law firm, has provided advisory services on the indirect corporate sale of Allegro, a build-to-rent development located in Birmingham. The Allegro scheme consists of 603 build-to-rent units, 5,850 sq ft of amenity space, and 27,500 sq ft of commercial units. The complex is equipped with resident amenities such as a gym, co-working areas, a roof terrace, and car parking, all encompassed around a central garden podium. BCLP guided Allegro through its entire lifecycle from the initial forward funding acquisition in 2016 to its recent sale. Key partners from BCLP involved in this transaction included Kieran Saunders and Janany Kathirgamanathan. Savills Operational Capital Markets team also contributed advisory services for the sale.