Among the acquisitions are 112 studio, one- and two-bedroom apartments at East Street Mills – a Grade II Listed former textile mill that is well-located in the East Leeds regeneration area close to the Calls and Royal Armouries. Homes here have been restored with original features like exposed brickwork, cast iron pillars, original roof timbers and feature windows retained to appeal to occupiers.

Other acquisitions include the ‘upside-down’ terraced homes at Chimney Pot Park in Salford, and apartments at 3Towers in Manchester. Both schemes were originally developed by Urban Splash with whom the Fund has identified a long-term pipeline of 4,500 new homes.

Akeel continued: “Our comprehensive offering now reaches prospective tenants across the country, with homes in Manchester, Altrincham, Birmingham, Sheffield, Bristol, Cambridge, Bradford and now Leeds. Our portfolio of differentiated homes is well positioned for modern living with flexible, spacious interiors, access to outdoor spaces and strong connectivity. We remain committed to offering residents well-designed mid-market homes, at rental levels that preserve an average rent-to-income ratio of <30%.”

The Urban Splash Residential Fund actively engages local communities and has also partnered with a community platform called Ark which offers a resident app with access to discounts from local businesses. Akeel added: “Initiatives like these are aligned with our stated emphasis on ESG and social impact, making it easier for our customers to live sustainably, while simultaneously helping secure better returns for investors.”

Gorvins acted on behalf of the Fund, with Pinsent Masons acting on behalf of the vendors.