North East England
Northern Portfolio
- Strategy
- Value-add
- Type
- Residential
- Units
- 832 units
- Location
- UK
Opportunity
Acquired and aggregated 832 residential and co-living units across Newcastle and the wider North East, creating scale for integrated operations.
Delivery
Modernised accommodation, improved energy performance and repositioned assets, bringing property management, lettings and operations onto one platform.
Outcome
Portfolio valuation was c.22% above aggregate acquisition value after an average holding period of two years, alongside rental growth and improved occupancy. Refinanced in 2026.
The portfolio comprises 478 properties with a total NLA of 268,732 sq ft (25 buildings). The properties are located in the Northeast of England, a major growth region with attractive underlying property market fundamentals and strong FDIs.
The portfolio benefits from significant AM opportunities to drive value and address various management inefficiencies, underperformance and lettings strategy, and improve NOI significantly. Grace’s business plan comprises a targeted ESG-led modernisation programme, energy transition strategy and implementation of proptech lettings and property management solutions.