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A global property investment company has purchased a number of future apartment buildings being constructed as part of a major development in Dartford town centre.
Canadian firm Starlight Investments has purchased a seven-building build-to-rent community which, when complete, will include 232 apartments.
The acquisition comes after striking a deal with developer Bellway London which is delivering the Copperhouse Green project.
Being completed in three phases, Starlight will market seven mid-rise residential buildings which will include 163 parking spaces.
The site is on Lowfield Street and Heath Street and adjacent to Central Park. Also being acquired is a 3,500 sq f commercial unit located within the development.
The deal comes as part of Starlight’s push to focus on the buy-to-rent market in the UK which also saw it acquire a development in Victoria Road, Ashford.
Daniel Drimmer, CEO of Starlight, said: “The addition of this community is part of our broader UK expansion strategy and showcases our continued momentum in the UK’s dynamic and growing buy-to-rent market.”