Goldman Sachs has made a second foray into the UK housing sector in as many weeks after backing Birmingham’s tallest residential tower.

The US investment bank has agreed a £118m loan facility with private equity firm Apache Capital which is developing the tower on Broad Street, featuring 481 private rented flats, in a joint venture with its long-time build-to-rent partner Moda Living.

Planning was granted for the 42-storey skyscraper in December 2017.