Edmond de Rothschild Real Estate Investment Management (REIM) is seeking offers in excess of £71m for a portfolio of 405 rental homes in Glasgow, Nottingham, Newcastle and Leicester.
Allsop has been appointed to market the four buildings in the The Coyote Portfolio, totalling 235,973 sq ft of floorspace and constructed between 2022 and 2024. Offers for individual properties are also being considered.
The portfolio is 96% let and all four assets are within walking distance of their respective city centres or transport interchanges.
Klaus Schmitz, chief investment officer at Edmond de Rothschild REIM, said: “The sales process is a normal part of portfolio management where we rotate assets out.
“These assets have been selected as they are stabilised, mature assets, representing a UK-wide mini portfolio of mid-market affordable housing – a subsector that is strongly sought after in the current risk-off market.
“We are actively looking to deploy again in the sector, looking for best-in-class first- and second-generation assets, with lower amenity and good affordability, in strong urban UK locations and strong rent reversion. We are doing this to take advantage of pricing dislocation in the current capital markets.”
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