Starlight Investments Expands Its Rental Market Footprint in the UK with New Acquisition
Starlight Investments, a global leader in real estate investment and asset management, has made a strategic move by acquiring a build-to-rent (BTR) development in Maidenhead, Berkshire, marking a significant expansion in its UK operations. This significant investment reflects Starlight's commitment to delivering high-quality rental homes in key growth markets.
The newly acquired property is part of the St Cloud Way regeneration initiative and was purchased from Countryside Properties, a subsidiary of Vistry Group. As part of this project, the complex will feature 255 high-quality rental homes distributed across three buildings ranging from four to eleven stories. The upcoming development is slated to provide a variety of living options, including one, two, and three-bedroom apartments, complemented by townhouses, each equipped with private balconies. Additionally, residents will have access to 191 underground parking spaces.
This ambitious development promises to enhance community living, with the first building expected to be completed by December 2025 and the remaining residential structures anticipated to be finished by the fourth quarter of 2026. Once completed, residents can look forward to over 7,500 square feet of carefully designed amenity space. Features will include a state-of-the-art gym, co-working areas, resident lounges, and landscaped podium gardens. Sustainability will be a fundamental aspect of the design, incorporating various eco-friendly features throughout the development.
The wider St Cloud Way regeneration project represents the Royal Borough Development Partnership's most extensive regeneration plan, a collaboration between the Royal Borough of Windsor, Maidenhead, and Vistry Group. Maidenhead, known for its excellent transportation links and strong economic base, is strategically located with direct access to main roads, as well as proximity to the central railway station providing services to London and the Thames Valley area.
"This acquisition underscores our ongoing commitment to creating new high-quality rental homes in the expanding UK markets," stated Jonnie Milich, the UK Residential Director at Starlight Investments. Milich further emphasized that the economic robustness and regeneration vision of Maidenhead make it an ideal location for long-term investment and community development, fitting seamlessly into their suburban strategy.
Daniel King, President of the London Division at Vistry Group, commented on the collaboration, saying, "This deal exemplifies our collaborative approach of working with institutional investors and public sector partners to create high-quality rental communities in resilient and well-connected locations. We look forward to partnering with Starlight Investments and the Royal Borough of Windsor and Maidenhead to maximize the transformative potential of the St Cloud Way regeneration project."
This acquisition marks Starlight's tenth BTR investment in the UK since entering the market in 2023, bringing their total rental housing portfolio in the region to 4,000 suites. The continued expansion in Maidenhead builds on Starlight’s growing presence in London’s key commuter zones, including their recent announcement of construction commencement in Basildon. These investments reflect Starlight's long-term commitment to providing high-quality rental homes in expanding communities to meet both regional and national housing needs.
About Starlight Investments
Starlight Investments, headquartered in Toronto, Ontario, Canada, is a global firm specializing in real estate investment and asset management. The company manages over 70,000 multi-residential suites and more than 7 million square feet of commercial space, with CAD 30 billion in assets under management. Starlight aims to balance its growth trajectory with an innovative vision, positively impacting both investors and communities. For more information, visit www.starlightinvest.com or connect with us on LinkedIn.
About Vistry Group
Vistry Group is the leading provider of mixed-tenure housing in the UK. As a responsible developer, Vistry is committed to delivering sustainable homes, communities, and social value, creating a lasting legacy of places that people appreciate. Operating across 26 regions, Vistry builds homes for those in need throughout the UK and sells homes in the open market through three well-recognized brands: Bovis Homes, Linden Homes, and Countryside Homes. The group has been awarded a 5-star rating by the Home Builders Federation following the latest Customer Satisfaction Survey in the sector. For more information, visit www.vistrygroup.co.uk.
The newly acquired property is part of the St Cloud Way regeneration initiative and was purchased from Countryside Properties, a subsidiary of Vistry Group. As part of this project, the complex will feature 255 high-quality rental homes distributed across three buildings ranging from four to eleven stories. The upcoming development is slated to provide a variety of living options, including one, two, and three-bedroom apartments, complemented by townhouses, each equipped with private balconies. Additionally, residents will have access to 191 underground parking spaces.
This ambitious development promises to enhance community living, with the first building expected to be completed by December 2025 and the remaining residential structures anticipated to be finished by the fourth quarter of 2026. Once completed, residents can look forward to over 7,500 square feet of carefully designed amenity space. Features will include a state-of-the-art gym, co-working areas, resident lounges, and landscaped podium gardens. Sustainability will be a fundamental aspect of the design, incorporating various eco-friendly features throughout the development.
The wider St Cloud Way regeneration project represents the Royal Borough Development Partnership's most extensive regeneration plan, a collaboration between the Royal Borough of Windsor, Maidenhead, and Vistry Group. Maidenhead, known for its excellent transportation links and strong economic base, is strategically located with direct access to main roads, as well as proximity to the central railway station providing services to London and the Thames Valley area.
"This acquisition underscores our ongoing commitment to creating new high-quality rental homes in the expanding UK markets," stated Jonnie Milich, the UK Residential Director at Starlight Investments. Milich further emphasized that the economic robustness and regeneration vision of Maidenhead make it an ideal location for long-term investment and community development, fitting seamlessly into their suburban strategy.
Daniel King, President of the London Division at Vistry Group, commented on the collaboration, saying, "This deal exemplifies our collaborative approach of working with institutional investors and public sector partners to create high-quality rental communities in resilient and well-connected locations. We look forward to partnering with Starlight Investments and the Royal Borough of Windsor and Maidenhead to maximize the transformative potential of the St Cloud Way regeneration project."
This acquisition marks Starlight's tenth BTR investment in the UK since entering the market in 2023, bringing their total rental housing portfolio in the region to 4,000 suites. The continued expansion in Maidenhead builds on Starlight’s growing presence in London’s key commuter zones, including their recent announcement of construction commencement in Basildon. These investments reflect Starlight's long-term commitment to providing high-quality rental homes in expanding communities to meet both regional and national housing needs.
About Starlight Investments
Starlight Investments, headquartered in Toronto, Ontario, Canada, is a global firm specializing in real estate investment and asset management. The company manages over 70,000 multi-residential suites and more than 7 million square feet of commercial space, with CAD 30 billion in assets under management. Starlight aims to balance its growth trajectory with an innovative vision, positively impacting both investors and communities. For more information, visit www.starlightinvest.com or connect with us on LinkedIn.
About Vistry Group
Vistry Group is the leading provider of mixed-tenure housing in the UK. As a responsible developer, Vistry is committed to delivering sustainable homes, communities, and social value, creating a lasting legacy of places that people appreciate. Operating across 26 regions, Vistry builds homes for those in need throughout the UK and sells homes in the open market through three well-recognized brands: Bovis Homes, Linden Homes, and Countryside Homes. The group has been awarded a 5-star rating by the Home Builders Federation following the latest Customer Satisfaction Survey in the sector. For more information, visit www.vistrygroup.co.uk.
Topics General Business）
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