Heitman makes UK BTR debut

MANCHESTER

Investment manager Heitman has become the latest US-headquartered firm to throw its weight behind the build-to-rent (BTR) sector in the UK, having acquired two assets for its growing European business.

Heitman, which manages more than 14,400 multifamily units in the US as well as a significant portfolio in continental Europe, has forward-funded two build-to-rent developments in Manchester and Liverpool for a figure which Property Week understands is in the region of £100m.

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