Pension Insurance Corporation and Court Collaboration have confirmed Sectional Completion of Tower B. The completed phase means 140 new homes, including one and two-bedroom apartments, will now become available for rent just a stone’s throw from the £1 billion HS2 station at Curzon Street.

Once the second phase is completed in 2026, One Eastside will feature a total of 667 high-quality new homes for rent, with state-of-the-art co-working spaces and a range of amenities for residents, including a cinema room, sky lounge, spa and gym.

PIC forward funded the £200 million One Eastside development in 2023 and will own it for the long term. Court Collaboration is delivering the development, which at 51 storeys (Tower A) will be the tallest building in Birmingham.

PIC’s investment strategy is carefully constructed to deliver robust, index-linked cash flows that match future pensions payments it its policyholders. PIC has invested more than £14 billion in UK infrastructure and housing. These assets are generating social value up and down the country, driving economic growth and job creation.

Rob Groves, Chief Investment Officer at PIC, said: “We are proud to have reached another milestone in our One Eastside development, with 140 of the total of 667 high-quality homes made available for rent in the heart of Birmingham. One Eastside will be the tallest building in the city and help pay the pensions of our policyholders for decades to come.”

Alex Neale, Chief Executive Officer at Court Collaboration, added: “We’re really proud to see the first homes becoming available at One Eastside, representing another exciting milestone for this development. Huge thanks go to PIC and the vast team of contractors and consultants who have helped us make this scheme a reality. Now it’s onwards and upwards for the remaining sections of the overall project.”

The new homes will become available from this summer. Enquiries can be made by emailing leasing@oneeastside.co.uk, calling 07812408381 or for more information, please visit www.oneeastside.co.uk.