Round Hill Capital announces £165m flagship build to rent investment in Manchester

Round Hill Capital, a leading global specialist real estate investor and manager, is excited to announce a new partnership with experienced British developer, Olympian Homes, to deliver the first of many forward funded investments.

Creating a brand new 488 unit flagship BTR (build to rent) asset in central Manchester, United Kingdom, the investment will mark Round Hill Capital’s 20th anniversary year, as the firm looks to strengthen partnerships and capitalise on growing investor appetite and consumer demand for quality BTR assets in major UK cities.

The joint venture with Olympian Homes, a specialist developer of large-scale Build to Rent and Purpose Built Student Accommodation (PBSA), will be forward funded on a fixed price development contract. It will serve as the gateway to the Portugal Street East masterplan regeneration area in the Northern Powerhouse city, which is benefitting from investment into the HS2 train service.

Appealing to a wide demographic of young professionals, families and students, the development is conveniently located close to city centre amenities, and next to Piccadilly Station - the largest train station in the city offering excellent transport links.

Benefitting from Round Hill Capital’s 20 years of residential and PBSA success across Europe, the investment is set to continue to build momentum for the firm as a leading pan-European residential specialist.

Commenting on the acquisition, Michael Bickford, founder and CEO of Round Hill Capital, said: “This is a milestone investment for Round Hill Capital in our 20th anniversary year and draws on our success in the residential and PBSA markets across the continent to create innovative accommodation solutions.

“Addressing a major supply/demand imbalance in a thriving city with strong capital growth prospects, this flagship project in Manchester demonstrates our ability to identify intelligent investment opportunities and high performing sectors across Europe with valued partners.”

Mark Slatter, founder and chairman at Olympian Homes: “We are very pleased to have achieved this major milestone, being our first BTR scheme, we have benefitted from Round Hill Capital’s great deal of experience and understanding, they have proved to be excellent partners.

“We are also grateful to Manchester City Council, Transport for Great Manchester, HS2 and Aecom Capital for working closely with us to make this challenging project a reality.”

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