Saudi-backed investor buys £39m Manchester residential portfolio

Picture of Macnhester residential scheme interior

Saudi-backed Cedar Tree Investments has acquired a portfolio of four residential assets in Manchester city centre from Manchester Apartments, the property and lettings division of Beech Holdings.

Cedar Tree Investments is overseen by AIMS investments, one of the largest private and public equity investors in Saudi Arabia. Shariah-compliant funding for the acquisition was sourced from the UK arm of Abu Dhabi Islamic Bank (ADIB UK).

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