Realstar Secures €25.7 Million Investment with Investec for UNCLE Manchester

Investec Real Estate (Investec) has recently announced the provision of a three-year investment loan totaling approximately €25.7 million to a fund managed by Realstar Group (Realstar). This funding is secured against UNCLE Manchester, a prominent multifamily scheme located in central Manchester. The scheme consists of 171 studio and one-bedroom apartments housed within a Grade II-listed former warehouse building, originally constructed around 1914. Boasting original features, top-of-the-line appliances, and designer furnishings, UNCLE Manchester represents a significant addition to the city’s rental market.

Sebastian Walley, representing Investec Real Estate, highlighted the ongoing demand for high-quality rental properties in Manchester. He emphasized the city’s population growth, its status as the UK’s second city, and its impressive employee retention rates as key drivers behind this demand. UNCLE Manchester stands as a testament to successful asset regeneration, seamlessly blending the building’s historical significance with modern amenities to cater to the needs of today’s tenants. This transaction marks the Real Estate team’s inaugural collaboration with Realstar, further expanding Investec’s global network, which already includes over 150 clients.

Realstar’s CEO, Ryan Prince, underscored the company’s commitment to investing in premium city living. He stressed the importance of long-term, professional ownership within the residential sector to address housing shortages effectively, particularly in high-demand urban areas. Realstar’s partnership with Investec represents a significant milestone, signaling the potential for future collaborations between the two entities.

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