Maslow Capital was delighted to provide a £45 million loan to support Starlight Investments, a leading global real estate investment and asset management firm with their build-to-rent (BTR) scheme on the Princes Dock, Liverpool. The scheme, part of the wider £5 billion Liverpool Waters regeneration project, will see the construction of 278 high-quality residential units, ranging from studios to 3-bedroom apartments. The BTR scheme is set to be acquired by a Starlight-led Institutional Partnership as part of a forward purchase agreement.
Starlight Investments, a Canadian firm, owns and manages an expansive portfolio of CAD $28 billion AUM across North America, with more than 66,000 multi-family residential units and over 9 million square feet of commercial property. The completion of this £45 million financing package from Maslow will help facilitate their entry into the UK’s BTR market. This endeavour is further bolstered by the extensive local expertise of Maslow which has supported the development of over £5.1 billion of real estate projects, helping to deliver in excess of 17,000 units, including a significant number of landmark residential developments in the North-West.
Positioned within the ambitious Liverpool Waters regeneration area, the waterfront location of Starlight Investment’s 31-storey BTR scheme is set to deliver significant value to its residents. The project encompasses a versatile range of units, from modern studios to expansive 3-bedroom apartments. The ground floor will be dedicated for commercial and leisure use, catering to the evolving demands of urban professionals. The inclusion of a residents’ amenity space and a roof terrace overlooking the Mersey River demonstrates a forward-thinking approach to modern living, ensuring high living standards for its residents.
Maslow Deal Team:
James Henry
Gili Cohen
James Henry, Director, Deal Origination at Maslow Capital, commented: “Our partnership with Starlight Investments stems from a shared ambition to alleviate the UK’s structural undersupply of housing and Maslow’s continued commitment to funding high-quality living sector assets.
We are delighted to support another top-tier institutional partner on an exceptional project that will help address Liverpool’s housing needs. Furthermore, this project marks one of the first steps of Starlight Investments’ ambitious plan to harness its vast scale and North American expertise to significantly contribute to the UK’s housing supply.”
