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UK: Greystar has acquired the Barking Wharf build-to-rent (BTR) scheme from Invesco Real Estate for an undisclosed sum.
The 595-home scheme, which was completed in 2021, comprises a mix of studio, one- and two-bedroom apartments across two buildings.
Amenities include a coworking lounge, gym, private dining room, a roof terrace and five ground floor commercial units. Greystar intends to invest in the scheme’s amenity spaces to ensure the asset continues to meet customer needs.
Ben Mowbray, managing director – UK investment, at Greystar, said: “The acquisition of Barking Wharf reflects our ability to identify high-quality opportunities in growth locations and enhance value through targeted investment and operational expertise. This well-located asset will benefit from our proven management platform, creating a best-in-class rental community that delivers an elevated experience for residents and long-term value to the community as part of the ongoing regeneration of Barking and Dagenham.”
Meanwhile in the US, Greystar has signed a deal to manage 11,000 multifamily apartments through a strategic partnership with Denver-based apartment owner Grand Peak. The units are across seven states and will strengthen Greystar’s presence in high-growth markets, including Miami, Denver, Dallas–Fort Worth, Phoenix, Seattle, Portland, Oregon and Charlotte, North Carolina.
By bringing in Greystar to manage its properties, Grand Peaks will be able to focus on its core strengths of development, investment and asset management.
Highlights:
• Greystar has acquired the Barking Wharf build-to-rent (BTR) scheme from Invesco Real Estate for an undisclosed sum
• The 595-home scheme, which was completed in 2021, comprises a mix of studio, one- and two-bedroom apartments across two buildings
• Meanwhile in the US, Greystar has signed a deal to manage 11,000 multifamily apartments across seven states through a strategic partnership with Denver-based apartment owner Grand Peak
