Grace Real Estate Partners (Grace) announced its acquisition of a residential portfolio based in Zone 1, London. The purchase comprises 110 units of underutilised residential space alongside commercial and ancillary facilities.
Georges Tohme, Founding Director at Grace comments: “These two acquisitions are exciting opportunities given the multiple routes for optimisation the portfolios offer. The purchases are consistent with Grace’s strategy of unlocking value through active management of well-located residential properties in growth areas. Moving forward, we will continue to target quality assets in line with our dynamic, ESG-led asset management strategy.”
The investment represents a further step in Grace’s long-term strategic growth plan and demonstrates the group’s unique ability to add significant scale to its portfolio.
Jacob Cronstedt, Founding Director at Grace comments: "We see a compelling opportunity to scale our strategy and leverage our significant experience in the PRS sector in which we have invested and operated for more than 20 years and have consistently delivered high-risk adjusted returns with a top-tier track record. The first two acquisitions align perfectly with our strategy of utilising our strong asset management expertise to add value and create an institutional product with enhanced sustainability credentials.”
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