Starlight Investments acquires completed BTR scheme

Starlight Investments expands its UK portfolio with the acquisition of a recently completed Build to Rent scheme in Leeds.

The Lounge at the 84 Kirkstall Road Build to Rent development in Leeds, acquired by Starlight Investments | BTR News
The Lounge at the 84 Kirkstall Road Build to Rent development in Leeds, acquired by Starlight Investments | BTR News

Global real estate investment and asset management firm – Starlight Investments – has exchanged on an acquisition to purchase 84 Kirkstall Road, a Build to Rent scheme in Leeds.

The nine-storey newly built development 111 one-bedroom, two-bedroom and three-bedroom apartments in a range of layouts, with many featuring balconies as well as larger terraces on the top floor.

Amenities include a co-working space, media room and a dedicated resident lounge. The building’s design also incorporates renewable energy systems and high-efficiency lighting.

“We are pleased to establish Starlight’s presence in Leeds, a dynamic city that is among the fastest growing in the UK, to support the introduction of new rental housing to meet increasing demand.”

Daniel Drimmer, Founder and Chief Executive Officer, Starlight Investments
Kirkstall Road Build to Rent development in Leeds | BTR News
Kirkstall Road Build to Rent development in Leeds.

Situated in a highly attractive location near the city centre and Leeds’ vibrant shopping and financial district, the scheme is a 15-minute walk from Leeds Railway Station and a short distance to several universities and a teaching hospital.

Leeds is recognised as a key financial centre and is home to several major employers. It is also highly ranked as a top student city, with five universities and a large student population.

“This new residence is a strategic addition to our UK portfolio and further complements our previously announced Build to Rent acquisitions in Manchester, Liverpool and Ashford and will increase our overall portfolio in the UK to 1,038 suites with an additional 1,200 suites in our active pipeline.”

Daniel Drimmer, Founder and Chief Executive Officer, Starlight Investments

In May 2023, Starlight announced the official launch of its European residential asset management platform through the formation of a new partnership with multiple global institutional partners focused on the UK Build to Rent market. This latest acquisition represents the continued momentum behind Starlight’s growing UK presence.

Starlight Investments is a privately held owner, developer and asset manager of over 66,000 multi-residential suites and over seven million sq ft of commercial property space. The company offers a range of investment vehicles across various real estate strategies.

The company’s guiding mission is to balance their tenure with visionary curiosity to create a positive impact for investors and communities alike.