KKR has increased its exposure to the UK build-to-rent market by acquiring Legal & General’s The Slate Yard portfolio of three BTR multifamily buildings in Manchester for more than £100M.
The Manchester portfolio consists of 424 residential units across three properties totalling 270K SF. Amenities include a gym, resident lounges and coworking spaces.
The portfolio was acquired with Inhabeo, KKR Real Estate’s living sector platform in Europe, which was founded in 2023.
In January 2024, KKR acquired two BTR multifamily buildings from Quintain at Wembley Park for an undisclosed sum. The buildings, Alameda and Beton, were completed in 2019 and 2020, respectively, and totalled 490 units and circa…