PIC completes build-to-rent development in Birmingham

Specialist insurer has completed the development, One Eastside, which is the city’s tallest building

Alex Levy
clock • 1 min read
One Eastside: 51-storey building includes an outdoor terrace and cinema
Image:

One Eastside: 51-storey building includes an outdoor terrace and cinema

Specialist defined benefit (DB) scheme insurer Pension Insurance Corporation (PIC) has today (3 August) opened One Eastside, a 51-storey build-to-rent development in Birmingham.

Built on a brownfield site, the tower has 667 apartments alongside co-working spaces, hospitality spaces and an outdoor terrace. PIC said the project had created 87 local jobs and generated £33.5m ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Scam warning flags reach record highs, XPS finds

Scam warning flags reach record highs, XPS finds

Firm’s Scam Flag Index shows 99% of cases in September received at least one warning flag

Martin Richmond
clock 29 October 2026 • 3 min read
'Rock solid' governance 'critical' as DB endgame choices grow

'Rock solid' governance 'critical' as DB endgame choices grow

Panel says it is ‘essential’ for schemes to have a ‘transparent’ relationship with their sponsor

Martin Richmond
clock 14 October 2026 • 3 min read
Aggregate DB surplus rises to £280.7bn in September

Aggregate DB surplus rises to £280.7bn in September

PPF says funding positions strengthened as liabilities fell faster than assets during the month

Jonathan Stapleton
clock 13 October 2026 • 1 min read
Trustpilot