The three-year loan is secured against UNCLE Manchester, a 171 studio and one-bedroom apartment complex in a Grade II-listed former warehouse building.
Sebastian Walley, loan originator at Investec Real Estate, said: “UNCLE Manchester is a great example of a regenerated asset that complements the history of the original building while delivering a high quality and much needed product that meets the needs of today’s tenants.
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Ryan Prince, CEO of Realstar, commented: “Cities are the heart and soul of our world and that is why Realstar continues to invest in high quality city living.
“We believe that long-term, professional ownership within the residential sector is a key element for increasing housing supply in the areas that need it most.
“We are delighted to have completed our first financing with Investec and hope that this will lead to many more opportunities to work alongside their excellent team.”
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