International law firm BCLP has advised on the indirect corporate sale of Allegro, a build-to-rent scheme in Birmingham

The Allegro scheme comprises of 603 build-to-rent units, along with 5,850 sq ft of amenity space and 27,500 sq ft of ground-floor commercial units. The buildings are connected by a spacious central garden podium. Residents enjoy various amenities including a gym, co-working areas, a roof terrace and car parking. BCLP has advised on the full lifecycle of Allegro, from the forward funding acquisition in 2016 to the recent sale process.

The BCLP was led by Partners Kieran Saunders (Corporate Real Estate and Funds) and Janany Kathirgamanathan (Real Estate), and supported by, Cameron Price, Kathi Jungclaussen, John Adamson, Kirila Bucheva and Suelynn Lee (Corporate Real Estate and Funds); Stephanie Cheung, Ruth Miller, Samantha Blackburn and Molly Findler (Real Estate); Andy West, Sarah Johnson, Hugo Clark-Ryan and Morgan James (Tax); Giles Pink, Osaze Bazuaye and Rhea Patel (Planning); Tom Haller, Hannah Crockett and Sandra Kowalewska (Construction); Jeremy Bark (Regulatory); and Edward Gardner (Real Estate Disputes).

Savills Operational Capital Markets team also advised on the sale.