Gatehouse UK Private Rented Fund I has agreed to forward fund a GBP10.2 million Build to Rent (BTR) scheme in the West Midlands, which is set to create 66 new family homes.
The investment will fund the construction of the scheme at Raleigh Street, Walsall, consisting of 23 two-bed, 39 three-bed and 4 four-bed houses, which is being built by Vistry Partnerships. Colliers International acted as Property Advisors, and Dentons as Legal Advisors on the transaction.
This scheme will form part of the second Build to Rent Fund advised by Gatehouse Bank which, since its establishment in December 2015, has spent circa GBP90 million on the construction of 684 single family houses across the UK.
Following the completion of Raleigh Street, the Fund will comprise of a 750 unit single family housing PRS portfolio. The Portfolio is being professionally managed through a Build to Rent platform, Ascend Properties.
Work on the Raleigh
Continue reading this article at https://www.propertyfundsworld.com/2020/06/23/286799/gatehouse-uk-private-rented-fund-i-invests-gbp102m-midlands-btr-scheme