Reading Time: 2 minutes UK: Real estate investment manager Moorfield is extending its presence in the UK BTR sector by launching a Real Estate Investment Trust (REIT) to buy rental homes.
Reading Time: 2 minutes UK: Gatehouse Investment Management has acquired 71 homes in Bolton for its UK single-family BTR portfolio, which is backed by the Kuwait Investment Authority.
Reading Time: 2 minutes Germany: Digital hospitality platform NUMA Group has raised $59 million [€55.5 million] in growth equity capital in a Series C funding round.
Reading Time: 2 minutes UK: Local firms Lacuna Developments and Graham have joined Watkin Jones to commence work on the first BTR scheme in Northern Ireland.
Reading Time: 2 minutes Jeddah Economic Company (JEC) has restarted work on the world’s tallest tower, the 1,000-metre-plus-tall Jeddah Tower project in Saudi Arabia.
Reading Time: 3 minutes US: A group of 18 property management companies, together with property management software company Yardi Systems Inc., have been named in an antitrust class-action lawsuit, accusing the alleged cartel of orchestrating a nationwide scheme to fix the cost of multifamily apartment rent.
Reading Time: 2 minutes US: WeWork has begun formal negotiations with all its landlords over its lease commitments.
Reading Time: 2 minutes UK: Erie Dock Apartments a 290-unit BTR scheme at Salford Quays, Manchester, has been delivered by contractor Domis Construction on budget and three months ahead of schedule.
Reading Time: 4 minutes UK/Europe: Savills’ latest research in to the coliving market has found that 51 per cent of European investors plan to be active in the sector, making it the joint third most invested-in living asset class, alongside later living, but behind BTR and PBSA.
Reading Time: 2 minutes UK: Developer Progressive Living has lodged proposals for a 568 unit coliving tower in the Greengate neighbourhood of Manchester.
