Maslow loans £45m to Starlight Investments for Liverpool BTR

Maslow Capital supports Starlight Investments with a £45m loan for its Build to Rent scheme at Liverpool Waters.

Liverpool Build to Rent development. Renderings are an artist’s concept. E. & O.E. Image credit - Starlight Investments | BTR News
Liverpool Build to Rent development. Renderings are an artist’s concept. E. & O.E. Image credit - Starlight Investments.

Real estate finance specialist – Maslow Capital – provides a £45m loan to support global real estate investment and asset management firm – Starlight Investments – with its Build to Rent development on the Princes Dock in Liverpool – a part of the £5bn Liverpool Waters regeneration project.

The financing package will help facilitate Starlight Investments entry into the UK Build to Rent market – and is bolstered by Maslow Capital’s extensive local expertise, which has supported the development of over £5.1bn of real estate projects, delivering over 17,000 units. This includes several landmark residential developments in the North-West.

Suite. Renderings are an artist’s concept. E. & O.E. Image credit - Starlight Investments | BTR News
Suite. Renderings are an artist’s concept. E. & O.E. Image credit – Starlight Investments.

“Our partnership with Starlight Investments stems from a shared ambition to alleviate the UK’s structural undersupply of housing and Maslow’s continued commitment to funding high-quality living sector assets. We are delighted to support another top-tier institutional partner on an exceptional project that will help address Liverpool’s housing needs. Furthermore, this project marks one of the first steps of Starlight Investments’ ambitious plan to harness its vast scale and North American expertise to significantly contribute to the UK’s housing supply.”

James Henry, Director, Deal Origination, Maslow Capital

On a waterfront location, the new 31-storey Build to Rent development will deliver 278 new homes – a mix of studios, one-, two-, and three-bedroom apartments. A residents amenity space and roof terrace overlooking the Mersey River demonstrates a forward-thinking approach to modern living, ensuring high living standards for residents. The scheme will also include ground floor commercial and leisure space, catering to the evolving demands of urban professionals.

This Build to Rent scheme is set to be acquired by a Starlight-led Institutional Partnership as part of a forward purchase agreement. This, along with two other projects in Manchester and Ashford, represent a pivotal element of Starlight’s long-term UK strategy.

Residents lounge. Renderings are an artist’s concept. E. & O.E. Image credit - Starlight Investments | BTR News
Residents lounge. Renderings are an artist’s concept. E. & O.E. Image credit – Starlight Investments.

The strategy aims to target Build to Rent projects across major UK cities and London commuter belt markets, with an initial goal of acquiring approximately £600m worth of assets.

“Our venture into the UK’s dynamic Build to Rent market, commencing with this landmark project at Princes Dock, Liverpool, signifies a strategic expansion backed by our robust North American portfolio. Securing support from a trusted partner like Maslow is a testament to the alignment between our shared goals. The £45m financing not only accelerates our initial expansion into the UK housing market, but also strengthens our commitment to addressing the pressing housing needs in the region. This collaboration with Maslow is central to our long-term vision in the region and represents an important step in the delivery of our UK Build to Rent strategy. We look forward to the positive impact this relationship will have on the UK’s residential housing market in the coming years.”

Daniel Drimmer, Founder and CEO, Starlight Investments

Canadian firm Starlight Investments owns and manages an expansive portfolio of CAD $28bn AUM across North America, with over 66,000 multifamily residential units and over 9 million sq ft of commercial property.