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UK: Ascend has secured a mandate from Aberdeen Investments to manage a new single-family rental (SFR) scheme in Cambridge.
The project consists of 139 SFR homes and apartments at Springstead Village in Cherry Hinton, east Cambridge. It will be operated by Ascend under the firm’s resident-facing Ascend Living brand.
Aberdeen acquired the homes from housebuilder Bellway in February on behalf of its client Border to Coast Pensions Partnership. This is Ascend’s first time operating residential properties within Aberdeen-managed investments.
“Springstead Village reflects our commitment to providing high-quality rental homes and creating long-term value,” said Haseeb Hassan, lead senior asset manager for Aberdeen Investments. “Appointing the right operating partner is integral to that approach. We look forward to working with Ascend to create a welcoming place to live, with a strong focus on service and the resident experience as the homes are handed over and occupied.”
Lee Hill, commercial director at Ascend, added: “Aberdeen is building an impressive SFR platform, and we are hugely excited to be working with them in Cambridge. Its choice of Ascend reflects not only our track record as the largest third-party operator in the sector, but also our market-leading technological and operational capabilities, and we look forward to both the success of Springstead Village and further collaboration in the future.”
Highlights:
- UK residential property operator Ascend has secured a management mandate from Aberdeen Investments for 139 single-family rental (SFR) homes and apartments at Springstead Village in east Cambridge
- The properties will be operated under Ascend’s resident-facing Ascend Living brand, with a focus on service quality and the resident experience as homes are handed over and occupied
- Aberdeen acquired the 139 homes from housebuilder Bellway in February 2026 on behalf of its client
- The appointment marks Ascend’s first mandate to operate residential properties within Aberdeen-managed investments
- The partnership supports Aberdeen Investments’ expansion of its UK single-family rental portfolio, with Springstead Village forming part of its residential rental investment strategy
- Ascend’s appointment reflects its third-party residential management capabilities, technology and operational expertise, according to the company’s commercial director Lee Hill
