Developer Court Collaboration, working with Select Property, has secured £127.5m from Eldridge Real Estate Credit to deliver the Edition Birmingham project.

The 581-flat development will rise next to Centenary Square with homes split between the 46-storey Centenary Tower and 15-storey Park Residence.

Midgard, part of the JRL Group, will use modular construction to speed up the build, with phase one due to complete in 2027.

Residents will have access to a 20-metre above-ground swimming pool, hydro pool, plunge pool, sauna and steam room. Other amenities include a sky lounge with private dining on the 44th and 45th floors, a co-working space called The Study, and a 9,000 sq ft outdoor podium terrace with cinema screen and BBQ area.

Court Collaboration chief executive Alex Neale said: “This funding package from Eldridge, combined with our ongoing support and relationship with PGIM, is an endorsement of the quality of Edition.”

Engineering consultancy is being delivered by SOM, Futureserv is the MEP consultant and interiors are designed by Weedon Architects