Starlight Investments has further expanded its UK portfolio through the acquisition of a 300-suite, build-to-rent (“BTR”) community currently under construction in Leeds. The property was purchased from local developer, Torsion Group, and is ideally located on the eastern edge of the city’s centre, close to public transit and popular amenities.

When complete, the two-tower development will feature 10- and 17-storey residences with a mix of one-, two- and three-bedroom apartments and 63 underground parking spaces. The community will include a state-of-the-art gym, a cinema and two rooftop terraces, and was designed to include numerous sustainability elements.

Leeds is the third largest city in the UK and is recognized as a key financial centre and major employment hub. With a diverse mix of modern and historic architecture, a vibrant arts scene and strong business and education sectors, the city is home to a large population of professionals and students.

This property represents Starlight’s second acquisition in Leeds this year, marking another strategic milestone in the company’s European residential asset management platform. With this acquisition, Starlight UK now has over 3,600 suites under management.

“We are pleased to further strengthen Starlight’s presence in Leeds, one of the UK’s fastest-growing cities,” said Jonnie Milich, Head of UK Residential, Starlight Investments. “The acquisition of this exceptional build-to-rent community underscores our commitment to investing in the creation of high-quality rental housing in the UK. In 2024 we added over 2,400 suites to our UK portfolio, and we look forward to furthering our expansion in the coming year.”

Starlight has also been active in the Canadian market throughout 2024.