A Build To Rent scheme which fell into administration two years ago has been rescued by a property developer.
Torsion Group has announced that it has secured Westminster Works, a 220 apartment BTR scheme in Birmingham.
There has been no work on the Westminster Works scheme since it fell into administration but Torsion says it has used its expertise in developing part constructed schemes “to work through the challenging requirements of this project.”
The delivery arm of Torsion Group, Torsion Construction, has now commenced works on site with a projected completion date of early 2026.
The mix of one and two-bed apartments in this seven storey block incorporate high levels of sustainability with the use of MVHR and solar photovoltaic.
Dan Spencer, chief executive of Torsion Group, says: “Westminster Works is the latest in a string of recent large residential projects for Torsion as we respond to ever-growing requirements in this sector. This latest scheme reaffirms our ongoing confidence in the market and continues our growth in the Midlands region.”
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