By Helen Crane2018-10-26T00:00:00
The portfolio of 202 secondhand homes will boost the joint venture’s London Affordable Residential Platform.
The 202-asset Project Merlin portfolio was bought through Europa Capital’s Fund V and comprises 153 flats, 39 houses, four bungalows and six other assets across the capital, the majority of which are held freehold. It was acquired as a trading company from a private family acted for by Allsop.
Twenty-eight of the properties are vacant, and the rest are let under a range of residential tenancy types including assured shorthold tenancies and regulated tenancies. The gross rent is more than £1.5m per year.
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.