The portfolio of 202 secondhand homes will boost the joint venture’s London Affordable Residential Platform.
The 202-asset Project Merlin portfolio was bought through Europa Capital’s Fund V and comprises 153 flats, 39 houses, four bungalows and six other assets across the capital, the majority of which are held freehold. It was acquired as a trading company from a private family acted for by Allsop.
Twenty-eight of the properties are vacant, and the rest are let under a range of residential tenancy types including assured shorthold tenancies and regulated tenancies. The gross rent is more than £1.5m per year.
Having bought through Cameron, i felt they kept me update to date with everything that was going on. There was no hassle arranging viewings, and they helped me all the way through the process. Good, efficient service. Will definitely recommend!
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