Starlight Expands UK Portfolio with New Leeds Acquisition
Deal News | Dec 16, 2024 | PR Newswire Cision Starlight Investments
Starlight Investments, a global real estate investment and asset management firm based in Toronto, has announced the acquisition of a 300-unit build-to-rent (BTR) development currently under construction in Leeds, UK. The acquisition from Leeds-based developer Torsion Group marks Starlight’s continued expansion in the UK, bringing its portfolio to over 3,600 rental units. The development, strategically located near the city center, will feature modern amenities, including a gym, cinema, and rooftop terraces across two towers. Starlight’s UK residential head, Jonnie Milich, emphasized the firm's commitment to the UK housing market, detailing plans for further growth and the addition of over 2,400 suites to its UK portfolio in 2024. The development reinforces Leeds’ status as a major commercial and educational hub in the UK, with a vibrant mix of modern and historic architecture.
Sectors
- Real Estate Investment
- Property Development
Geography
- United Kingdom – Starlight Investments is expanding its property portfolio within the UK, with a specific focus on Leeds.
- Canada – Starlight Investments is headquartered in Toronto, Ontario, Canada.
Industry
- Real Estate Investment – The article discusses the acquisition of a real estate property in Leeds, emphasizing the role of Starlight Investments in expanding its real estate portfolio.
- Property Development – The involvement of Torsion Group as a developer highlights the property development aspect of the acquisition.
Financials
- 3,600 units – The total number of rental units in Starlight Investments' UK portfolio after the acquisition.
- 300 units – The number of units in the newly acquired build-to-rent development in Leeds.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Starlight Investments | Buyer | Company | A global real estate investment and asset management firm headquartered in Toronto, Canada. |
| Torsion Group | Seller | Company | A developer based in Leeds, UK, specializing in construction projects. |
| Jonnie Milich | UK Residential Head | Person | Responsible for Starlight’s residential sector in the UK. |