Cording secures debut deal for new £400m PRS fund

Cording CODE Merlin Works Leicester

Cording Real Estate Group has agreed to forward fund a £50m build-to-rent led regeneration project in Leicester as the first deal for its new £400m private rented sector fund.

Cording UK Residential Investment Fund has backed BTR developer CODE’s Merlin Works scheme in the Waterside regeneration area of Leicester. The scheme, being built by Winvic, will comprise of more than 380 one and two-bed apartments. Construction will commence on site in November and is expected to be completed in autumn 2020.

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