Barings enters UK PRS market with Liverpool buy

The Keel PRS scheme in Liverpool

Barings Real Estate has entered the UK private rented sector (PRS) with the acquisition of a 240 apartment unit in Liverpool for £46.75m.

The group has bought Keelat Queens Dock in Liverpool from Moorfield Group on behalf of one of its funds. The acquisition also includes an adjacent plot, which is fully consented for PRS development. The investment has been made as part of Barings’ pan-European core investment strategy on behalf of institutional investors.

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