CompassRock International has acquired a 295-home build-to-rent scheme in Bristol from Dandara Living.
The Stafford Yard scheme is located within the strategic Bedminster Green Framework Area. It includes amenities such as a games room, gym, co-working suite, roof terraces and courtyard gardens.
Jim Davies, chief executive at Dandara Living, said: “This is our third transaction in the past six months, underlining the continued confidence in the UK living sectors and our position as a leading specialist in the design and delivery of large-scale living developments.”
CompassRock chief executive David Woodward said: “CompassRock’s property management group will run the day-to-day operations of this asset, bringing our unique combination of US/UK expertise. This property will help meet the demand for high-quality rental flats in the dynamic Bristol market. CompassRock continues to evaluate other opportunities as the investment market begins to gain momentum after a slow period over the past couple of years.”
Savills Operational Capital Markets and CMS advised Dandara. Pinsent Masons advised CompassRock.
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