Countrywide investment fund buys complete scheme for private rent

Vista Fund, the residential property fund established by Countrywide and investment manager Hermes, is buying the whole of a large off-plan development in Liverpool.

It will use all 324 apartments for private rental purposes.

Vista is buying Baltic Village for over £50m.

The development will also have 6,100 sq ft of retail space, 358 car parking spaces and 11,000 sq ft of tenant amenity space, which provides concierge facilities, meeting rooms, a café and social area.

Balfour Beatty has been contracted to build the scheme which is due to complete in summer 2016.

The build-to-let deal is one of the largest private rented sector transactions outside London.

Graham Bell, managing director at Countrywide, said: “We view Liverpool as a strong investment proposition and we very much see similar regional investments as the future of the private residential sector in the UK.”


Email the story to a friend

Comments are closed.

Thank you for signing up to our newsletter, we have sent you an email asking you to confirm your subscription. Additionally if you would like to create a free EYE account which allows you to comment on news stories and manage your email subscriptions please enter a password below.