UK: Investment and asset management firm Grace Real Estate Partners has signed a deal to purchase a 354-unit residential portfolio in Newcastle. Details about the private seller and the price have not been disclosed.Â
The newly acquired portfolio comprises 354 self-contained studio units across three freehold buildings and expands Grace’s North East cluster to more than 800 units.
Jacob Cronstedt, founding partner at Grace Real Estate Partners, said: “This strategic acquisition consolidates our presence in Newcastle and underscores our commitment to building a high-quality, scalable living platform with long-term institutional appeal.
“Grace executes a thematic, value-add strategy – unlocking value through hands-on asset management, repositioning, and sustainability-led enhancements. We transform underutilised assets into institutional-grade properties – addressing critical housing needs in the UK’s underserved mid-market rental segment.”
Georges Tohme, founding partner at Grace Real Estate Partners, said: “Our investment philosophy is focused and conviction-led, targeting assets with strong fundamentals, repositioning upside, and long-term performance drivers.
“This acquisition not only adds scale and operational synergies to our portfolio but exemplifies how we deploy a cluster strategy to enhance income resilience and create long-term value for our stakeholders.”
Highlights:
-
Grace Real Estate Partners has acquired a 354-unit residential portfolio in Newcastle.
-
The deal brings Grace’s North East rental cluster to more than 800 units.
-
Portfolio includes three freehold buildings with self-contained studio units.
