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– Starlight Investments expands its UK portfolio with the acquisition of a recently completed rental residence in Leeds, UK
TORONTO, May 23, 2024 /PRNewswire/ — Starlight Investments (“Starlight”), a leading global real estate investment and asset management firm, has made an acquisition to purchase 84 Kirkstall Road, a Build-to-Rent community ( “BTR”) of 111 suites located in Leeds.
Situated in a very attractive location close to the city center and Leeds’ vibrant shopping and financial district, the residence is a 15-minute walk from Leeds train station and within walking distance of several universities and a teaching hospital.
The newly constructed nine-story residence features a variety of attractive suite layouts, including one-, two- and three-bedroom suites, many of which feature larger balconies and terraces on the upper floor. The property features high-quality amenities including a co-working space, media room, and a resident-only lounge. The building design also incorporates renewable energy systems and high-efficiency lighting.
As one of the country’s largest cities, Leeds is recognized as a key financial center and is home to several major employers. It is also highly ranked as one of the best student cities, with five universities and a large student population.
In May 2023, Starlight announced the official launch of its European residential asset management platform by forming a new partnership with multiple global institutional partners focused on the UK BTR market. This latest acquisition represents the continued momentum behind Starlight’s growing presence in the UK.
“This new residence is a strategic addition to our UK portfolio and further complements our previously announced BTR acquisitions in Manchester, Liverpool and Ashford and will increase our overall UK portfolio to 1,038 suites with an additional 1,200 suites in our portfolio. active,” explained Daniel Drimmer, founder and CEO of Starlight Investments. “We are pleased to establish Starlight’s presence in Leeds, a dynamic city that is among the fastest growing in the UK, to support the introduction of new rental housing to meet growing demand.”
About Starlight Investments
Starlight Investments is a leading global real estate investment and asset management firm. As the privately held owner, developer and asset manager of over 66,000 multi-residential suites and over 7 million square feet of commercial property space, we offer a range of investment vehicles across various real estate strategies. Starlight’s guiding mission is to balance our journey with visionary curiosity to create positive impact for both investors and communities. At Starlight we invest with impact. Learn more at www.starlightinvest.com or connect with us on LinkedIn.
Leslie Veiner, Director of Operations, Canada
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