Ailon’s JV company Grace Real Estate announces the acquisition of its second residential portfolio, located in thriving Central London location
Grace Real Estate Partners (“Grace”), a real estate investment company, announced today its acquisition of a residential portfolio based in Zone 1, London. The purchase comprises 110 units of underutilised residential space alongside commercial and ancillary facilities.
This is the second acquisition for the private real estate investment group, who in August 2023, completed its first transaction - a portfolio of 478 residential units across 25 buildings in Newcastle and its surrounding counties - comprising 270,000 sq ft of lettable space.
Grace focuses on the UK residential Private Rented Sector (PRS) and specialises in value-add strategies, transforming underused assets into dynamic, strong performers with sustainable impact. Grace targets residential opportunities with potential for capital appreciation through an ESG-led modernisation program and prop-tech management solution system.
With an initial portfolio target of £750 million, the company’s aspiration is set on accruing a strong portfolio of collective and individual property assets across the UK.
Georges Tohme, Founding Director at Grace comments: “These two acquisitions are exciting opportunities given the multiple routes for optimisation the portfolios offer. The purchases are consistent with Grace’s strategy of unlocking value through active management of well-located residential properties in growth areas. Moving forward, we will continue to target quality assets in line with our dynamic, ESG-led asset management strategy”.
The investment represents a further step in Grace’s long-term strategic growth plan and demonstrates the group’s unique ability to add significant scale to its portfolio.
Jacob Cronstedt, Founding Director at Grace comments: "We see a compelling opportunity to scale our strategy and leverage our significant experience in the PRS sector in which we have invested and operated for more than 20 years and have consistently delivered high-risk adjusted returns with a top-tier track record. The first two acquisitions align perfectly with our strategy of utilising our strong asset management expertise to add value and create an institutional product with enhanced sustainability credentials”.
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For further press information, please contact:
Samantha Dymond / Dylan Smart
Rooster PR
T: +44 (0)20 3440 8934
E: grace@rooster.co.uk
About Grace Real Estate Partners
Grace Real Estate Partners is a private real estate investment and asset management group specialising in value-add strategies. Grace is a fully integrated platform; owning, managing and optimising residential properties across the UK.
The core management team has acquired and asset managed more than €11bn of assets, with a value-add track-record obtained through a series of platform-specific partnerships, regional funds and separate accounts for over 400 properties.
Grace was formed by Ailon Group, the northern European investment manager, and Tamar Real Estate, the Family Office real estate arm with a presence in Europe, the US and the Middle East.
For further information about Grace please see our website:
www.gracere.co.uk
