GBP 82.5 million was raised to finance Realstar’s tower block of 279 units in Elephant and Castle, London, providing high amenity apartments for tenants in the private rented sector
The bonds sold by Venn’s subsidiary PRS Finance Plc take the total to GBP 442m
Investment manager Venn Partners announce that it has successfully closed its sixth sale of bonds under the GBP 3.5 billion Private Rented Sector Housing Guarantee Scheme that it manages for the UK Government. It raised GBP 82.5 million to fund PRS apartments owned by Realstar, one of Canada’s leading privately owned real estate investment and management companies.
UNCLE Elephant and Castle, is a 279 PRS residential development situated within a mixed-use development of shared ownership and affordable residential, retail and Southwark Playhouse Theatre. The development completed in December 2017 and UNCLE launched the rental apartments to be marketed pre-Christmas. The UNCLE...