Starlight Investments acquires Kent Build to Rent scheme

Starlight Investments expands its UK portfolio with the acquisition of a Build to Rent scheme in Dartford, Kent.

Rendering of the Dartford Build to Rent development acquired by Starlight Investments | BTR News
Rendering of the Dartford Build to Rent development acquired by Starlight Investments.

One of the leading global real estate investment and asset management company’s – Starlight Investments – has exchanged on an acquisition to purchase a Build to Rent scheme in Dartford, Kent.

The seven-building master-planned development is currently under construction with Bellway London.

The new Build to Rent scheme will deliver 232 new homes in a mix of studio, one-bedroom, two-bedroom and three-bedroom apartments. They will be available in a range of layouts and are fully furnished.

The Kent Build to Rent scheme’s design prioritises sustainability with a low carbon energy strategy and other eco-friendly features.

Residents will benefit from a range of high-quality amenities and a 2,000 sq ft rooftop terrace, alongside 163 parking spaces. They will also have direct access to a large adjacent park offering substantial green space and family-friendly facilities.

Starlight Investments has also acquired a 3,500 sq ft commercial unit located within the development, which will be used for additional amenity space in the future.

The Build to Rent scheme is centrally located and is near the high street and Dartford train station, which provides services to London and surrounding employment hubs.

Dartford is the most densely populated city in Kent, which is expected to see considerable growth over the next decade.

“We are pleased to establish Starlight’s presence in Dartford, a city with a strong heritage and direct connections to major regional employment centres. The addition of this community is part of our broader UK expansion strategy and showcases our continued momentum in the UK’s dynamic and growing Build to Rent market.”

Daniel Drimmer, Founder and Chief Executive Officer, Starlight Investments

This acquisition marks another milestone in Starlight Investment’s European residential asset management platform, which launched last year with a focus on the UK Build to Rent market.

The addition of this new Build to Rent scheme further complements the company’s acquisitions to date. These include a 391 home scheme on Michigan Avenue in Manchester, a 254 home scheme on Victoria Road in Ashford, the 278 Liverpool Waters scheme which received a £45m loan from Maslow Capital, and a completed scheme on Kirkstall Road in Leeds.

These schemes will increase the company’s UK portfolio to over 1,250 suites, with an additional 1,500 in the development pipeline.