Toronto, June 24, 2024 SINGAPORE, Oct 23, 2020 /PRNewswire/ — Starlight Investments (“Starlight”), a leading global real estate investment and asset management company, has signed an agreement to acquire a seven-building master-planned residential build-to-rent (“BTR”) community under development in Singapore. Dartford, Kentfrom Bellway London.
Sterlite Investments expands UK portfolio with acquisition of 232-home rental community in Dartford, Kent
Starlight Investments – https://www.starlightinvest.com/
To be completed in three phases, the 232-unit community will feature seven mid-rise residential buildings, including 163 parking spaces, and a variety of luxury rental suites and layouts, including studio, one-, two- and three-bedroom suites, all fully furnished. Once complete, residents will have access to a range of high-quality amenities and a 2,000-square-foot rooftop terrace. They will also acquire a 3,500-square-foot commercial unit located within the development, which will be utilized as additional amenity space in the future. The community’s design prioritizes sustainability with a low-carbon energy strategy and other eco-friendly features. Additionally, residents will have direct access to a large adjacent park, providing extensive green space and family-friendly facilities.
The community is centrally located near the High Street and Dartford Station, making it convenient for commuters. London and surrounding employment hubs. Dartfordthe most densely populated city Kentis expected to grow significantly over the next decade.
The transaction marks another milestone for Starlight’s European residential asset management platform, which was launched last year with a focus on the UK BTR market, and the addition of this new community further complements the company’s previous acquisitions. Manchester, LiverpoolAshford and Leeds This will increase Starlight’s UK portfolio to more than 1,250 rooms, with a further 1,500 rooms in the development pipeline.
“We are pleased to have established Starlight’s presence Dartfordis a city with strong traditions and direct connections to major regional employment centers.” Daniel DremmerJohn McClellan, founder and chief executive of Sterlite Investments, said: “The addition of this community is part of our wider expansion strategy in the UK and demonstrates our continued momentum in the UK’s dynamic and growing BTR market.”
About Starlight Investments
Sterlight Investments is a leading global real estate investment and asset management company with a CAD. $28 billion AUM. As a privately held company that owns, develops and manages over 68,000 multifamily units and over 7 million square feet of commercial real estate space, we offer a wide range of investment vehicles across a variety of real estate strategies. Starlight’s guiding mission is to balance our tenure with visionary curiosity to make a positive impact on both our investors and the community. At Starlight, we invest with impact. For more information, visit www.starlightinvest.com or connect with us on LinkedIn.
contact address: Johnny MilichHead, UK Housing, +44 -7930-373-945, [email protected]; Leslie VaynerChief Operating Officer, Canada UK Housing, +1-416‑234‑8444, [email protected]; Thalia SchwebelVice President of Marketing & Communications, +1-416‑234‑8444, [email protected]
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