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UK: Starlight Investments has exchanged on an acquisition to purchase a seven-building master-planned BTR community under development in Dartford, Kent, from housebuilder Bellway London.
The 232-unit scheme, being completed in three phases, will feature seven mid-rise residential buildings including 163 parking spaces, and a range of apartments and layouts including studio, one-bedroom, two-bedroom and three-bedroom, all of which will be fully furnished.
Upon completion, residents will enjoy a range of high-quality amenities and a 2,000 square foot rooftop terrace. Also being acquired is a 3,500 square foot commercial unit located within the development that will be used for additional amenity space in the future. The community’s design prioritises sustainability with a low carbon energy strategy and other eco-friendly features. Additionally, residents will have direct access to a large adjacent park, offering substantial green space and family-friendly facilities.
The transaction marks another milestone in Canadian-based Starlight’s European residential asset management platform, which was launched last year with a focus on the UK BTR market. The addition of this new community further complements the company’s acquisitions to date in Manchester, Liverpool, Ashford and Leeds and will increase Starlight’s UK portfolio to over 1,250 suites, with an additional 1,500 suites in the development pipeline.
“We are pleased to establish Starlight’s presence in Dartford, a city with a strong heritage and direct connections to major regional employment centres,” said Daniel Drimmer, founder and CEO of Starlight Investments. “The addition of this community is part of our broader UK expansion strategy and showcases our continued momentum in the UK’s dynamic and growing BTR market.”
Starlight Investments is a global real estate investment and asset management firm with CAD $28 billion AUM.
