TORONTO, May 23, 2024
/PRNewswire/ - Starlight Investments ("Starlight"),
a leading global real estate investment and asset management
firm, has exchanged on an acquisition to purchase 84 Kirkstall
Road, a 111-suite Build-to-Rent ("BTR") community located in
Leeds.
Situated in a highly attractive location near the city centre
and Leeds' vibrant shopping and
financial district, the residence is a 15-minute walk from Leeds
Railway Station and a short distance to several universities and a
teaching hospital.
The nine-storey newly built residence features a range of
attractive suite layouts, including one-bedroom, two-bedroom and
three-bedroom suites with many featuring balconies as well as
larger terraces on the top floor. The property contains
high-quality amenities including a co-working space, media room and
a dedicated resident lounge. The building's design also
incorporates renewable energy systems and high-efficiency
lighting.
As one of the largest cities in the country, Leeds is recognized as a key financial centre
and is home to several major employers. It is also highly ranked as
a top student city, with five universities and a large student
population.
In May 2023,
Starlight announced the official launch of its European
residential asset management platform through the formation of
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 UK presence.
"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 portfolio in the UK to 1,038 suites with an additional
1,200 suites in our active pipeline," said Daniel Drimmer, Founder and Chief Executive
Officer, 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 increasing
demand."
About Starlight
Investments
Starlight Investments is a leading global real estate investment
and asset management firm. A 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 tenure with visionary
curiosity to create positive impact for investors and communities
alike. At Starlight, we invest with impact. Learn more at
www.starlightinvest.com or connect with us on LinkedIn.
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SOURCE Starlight Investments