UK: Round Hill Capital has partnered with developer Olympian Homes to deliver a BTR scheme in central Manchester.
The £165 million project will be forward funded on a fixed price development contract. The transaction also marks Round Hill Capital’s 20th anniversary year, a year in which it will look to “strengthen partnerships and capitalise on growing investor appetite and consumer demand for quality BTR assets in major UK cities”.
The scheme will deliver 488 homes and will serve as a gateway to the Portugal Street East masterplan regeneration area.
Michael Bickford, founder and CEO of Round Hill Capital, said: “This is a milestone investment for Round Hill Capital in our 20th anniversary year and draws on our success in the residential and PBSA markets across the continent to create innovative accommodation solutions. Addressing a major supply/demand imbalance in a thriving city with strong capital growth prospects, this flagship project in Manchester demonstrates our ability to identify intelligent investment opportunities and high performing sectors across Europe with valued partners.”
James Lindridge, development director at Olympian Homes, added: “We have built a strong relationship with Round Hill Capital whilst securing this deal and hope to continue to work alongside one another in the future. Manchester is a flourishing city with a great pipeline of opportunities, this new development will help manage the supply/demand imbalance in the area by providing residents with high quality accommodation in a city centre location complemented by excellent transport links.”
