Real estate investment firm Edmond de Rothschild REIM has purchased a newly built housing complex in Newbury, England, from Nelson Group. This £34 mln (€40 mln) acquisition marks a complete investment of Funding Affordable Homes's (FAH) latest capital raise. Sterling Gardens offers 119 affordable apartments (one, two, and threebedroom) spread across six buildings.
This project provides much-needed affordable housing options, including: 27 apartments for social rent, 62 apartments for affordable rent, and 30 apartments for shared ownership. The recently completed complex boasts a landscaped courtyard and is conveniently located within a 10-minute walk of Newbury's town center and near two train stations.
Source: https://propertyeu.info/Nieuws/Edmond-de-Rothschild-REIM-snaps-up-UK-housing-complex-for-40m/3b1a0f75-519a-4aa4-b109-3fc4ea61dcc9, on 22.03.2024.