Edmond de Rothschild REIM snaps up UK housing complex for €40 million
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...