Edmond de Rothschild Real Estate Investment Management (REIM) has significantly enhanced its UK residential portfolio by introducing 765 rental units through new build-to-rent projects in Birmingham and Warrington.
Located in Birmingham’s vibrant Southside District, the first phase of The Bath House has successfully launched, offering 406 apartments spread across four distinct blocks. This development is designed with modern living in mind and includes a range of amenities, such as a welcoming reception lounge, dedicated work-from-home spaces, a fitness center, a yoga studio, a gaming room, and a beautifully landscaped courtyard featuring a resident’s hub.
In Warrington, The Steelworks, positioned directly across from Warrington Central Station, comprises 359 rental apartments nestled around landscaped courtyards. This development is equipped with a variety of features, including a sky lounge, flexible work-from-home spaces, and a private kitchen and dining area. The Steelworks is part of an extensive £190 million regeneration initiative for the area surrounding Warrington Central Station.
Targeting the mid-market rental sector, both developments offer affordable rent options, managed by Edmond de Rothschild REIM’s dedicated private rental sector platform. These projects prioritize the revitalization of brownfield sites and adhere to sustainable construction standards.
Focusing on the private rented sector (PRS) in the UK, Edmond de Rothschild REIM aims to provide not only affordable and sustainable housing but also to invest in social and affordable housing initiatives.
Dhananjai (“DJ”), Chief Investment Officer (UK) at Edmond de Rothschild REIM, commented, “These two assets provide high-quality residential options in our targeted regeneration areas throughout the UK, offering rents that remain affordable for local residents. The Steelworks is anticipated to be a cornerstone in the redevelopment of the Station Quarter in Warrington, while The Bath House is recognized as a flagship project vital to the transformation of the Southside Quarter in Birmingham. The combination of strategic location and a robust range of amenities tailored for the local market has already generated strong demand, underscoring our strategy to deliver high-quality rental housing in regional markets with favorable yields.”
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