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Edmond de Rothschild REIM Buys 2nd UK BTR Development
Posted on 04/17/2021
Edmond de Rothschild Real Estate Investment Management (REIM), part of Banque Privée Edmond de Rothschild S.A., acquired its second U.K. build-to-rent residential development via forward funding agreement. Edmond de Rothschild REIM, through its Edmond de Rothschild Residential Investment Fund UK fund, bought the Merlin Wharf residential development in the Waterside regeneration area of Leicester for £60 million.
The Merlin Wharf development is located in in Bath Lane by the River Soar, comprising of 384 one and two-bed apartments.
The Edmond de Rothschild Residential Investment Fund UK was launched in August 2018. The fund invests in the private rented sector on behalf of European institutional investors.
Huge Merlin Wharf apartment block sells for £60 million near River Soar in Leicester
Rents for one-bed flats will be £740 to £795 a month
The Rothschild group has bought Merlin Wharf in Leicester
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The big Merlin Wharf apartment block which was recently completed has been sold for £60 million.
462-bed student scheme next to River Soar sells for £35.6m
The Tannery will have a cinema room, games room, fitness studio, lounges and study areas
The 462-bed Tannery student scheme in Leicester s Waterside regeneration area
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A big student accomodation scheme being built near the River Soar in Leicester has been sold for £35.6 million.
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