Starlight Investments expands UK portfolio with acquisition of premier Leeds build-to-rent community

TAGS

Starlight Investments, a prominent global real estate investment and asset management firm, has successfully secured the acquisition of 84 Kirkstall Road, an 111-suite Build-to-Rent (BTR) community located in the heart of Leeds. This strategic acquisition is part of Starlight’s ongoing expansion in the UK’s burgeoning BTR market.

Strategic Acquisition in a Prime Location

The newly acquired property, 84 Kirkstall Road, is advantageously positioned near Leeds’ bustling city center, renowned shopping areas, and the financial district, making it an attractive location for residents. The community is conveniently a 15-minute walk from Leeds Railway Station and close to several universities and a teaching hospital, enhancing its appeal to professionals and students alike.

See also  LondonMetric Property to sell Kirkstall Bridge Shopping Park for £25.2m

This nine-storey building offers a variety of modern suite layouts, including one-bedroom, two-bedroom, and three-bedroom options, many of which feature balconies and larger terraces on the top floor. The property also boasts high-quality amenities such as a co-working space, media room, and a dedicated resident lounge. Notably, the building’s design integrates renewable energy systems and high-efficiency lighting, underscoring Starlight’s commitment to sustainability.

Starlight Investments bolsters its UK property portfolio with the strategic acquisition of 84 Kirkstall Road, a Build-to-Rent community in Leeds.

Starlight Investments bolsters its UK property portfolio with the strategic acquisition of 84 Kirkstall Road, a Build-to-Rent community in Leeds. Photo courtesy of CNW Group/Starlight Investments.

Leeds: A Growing Hub for BTR Investments

Leeds is recognized as one of the largest cities in the UK and a critical financial hub, housing several major employers and a vibrant student population due to its five universities. The city’s dynamic growth and the increasing demand for rental housing make it a strategic location for BTR investments.

See also  Sun Capital to divest glass packaging manufacturer Allied Glass to Verallia

In May 2023, Starlight Investments launched its European residential asset management platform, announcing a new partnership focused on the UK BTR market. The acquisition of 84 Kirkstall Road represents a continuation of this momentum, enhancing Starlight’s UK presence significantly.

Daniel Drimmer, Founder and CEO of Starlight Investments, highlighted the strategic importance of this acquisition: “This new residence is a strategic addition to our UK portfolio and further complements our previously announced BTR acquisitions in Manchester, Liverpool, and Ashford. It will increase our overall portfolio in the UK to 1,038 suites, with an additional 1,200 suites in our active pipeline. We are pleased to establish Starlight’s presence in Leeds, a dynamic city that is among the fastest-growing in the UK, to support the introduction of new rental housing to meet increasing demand.”

See also  Barclays job cuts 2020 : Over 1,000 employees to lose jobs across the UK

Starlight Investments’ latest acquisition in Leeds is a testament to the firm’s strategic vision and commitment to expanding its footprint in the UK real estate market. With a strong portfolio and a forward-looking approach, Starlight is well-positioned to capitalize on the growing demand for high-quality rental housing in key urban centers.

CATEGORIES
TAGS
Share This