Living
NE Portfolio - Newcastle, England
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…
Acquisition of two unbroken freehold residential buildings with full vacant possession in a prime position in Farringdon, Central London Zone 1. The properties are well located in a major tech and media cluster, 700 meters north of Farringdon station, providing excellent connectivity across London. The City Fringe submarket has seen consistently strong rental growth for modern offices.
The residential accommodation comprises self-contained private residential apartments with 110 beds, coupled with commercial/ancillary campus space.
Grace’s business plan comprises an extensive internal refurbishment of the apartments, setting up management operations and leasing all apartments to a prominent university to provide student accommodation.
