Starlight Investments Expands UK Portfolio with Leeds Acquisition
Deal News | Dec 16, 2024 | PR Newswire Cision Starlight Investments
Starlight Investments, a global leader in real estate investments and asset management, has announced the acquisition of a 300-suite build-to-rent development in Leeds, UK. This acquisition expands Starlight's UK portfolio to over 3,600 rental units. Located near Leeds city center, the new development consists of two towers with a combination of one, two, and three-bedroom apartments, along with 63 underground parking spaces, a fitness center, a cinema, and two rooftop terraces. Sustainability is a key feature of the project. This marks Starlight's second acquisition in Leeds this year, solidifying its presence in the UK's growing rental market. Jonnie Milich, Head of UK Residential at Starlight, emphasized the company's commitment to quality rental housing and plans for further expansion. Starlight, headquartered in Toronto, manages over CAD 30 billion in assets including 71,000 multifamily units and 7 million square feet of commercial space globally.
Sectors
- Real Estate
- Investment Management
Geography
- United Kingdom – The location of the property acquisition by Starlight Investments, specifically in Leeds.
- Canada – The headquarters of Starlight Investments, indicating its global operational footprint.
Industry
- Real Estate – The primary industry involved, as the article discusses real estate development and property acquisition by Starlight Investments.
- Investment Management – Relevant due to Starlight Investments' focus on expanding and managing its property investment portfolio.
Financials
- 30B CAD – The total asset value managed by Starlight Investments.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Starlight Investments | Bidding Company/Buyer | Companies | A global real estate investment and asset management company headquartered in Toronto, Canada. |
| Torsion Group | Target company | Companies | A Leeds-based developer from whom the build-to-rent property was acquired. |
| Jonnie Milich | Head of UK Residential | People | An executive at Starlight Investments responsible for the UK residential segment. |
| Raj Mehta | President, Global Markets | People | An executive at Starlight Investments. |
| Gwen McGuire | Director, Communications | People | An executive at Starlight Investments responsible for communications. |