A significant private rented sector (PRS) scheme in the Baltic Triangle has been sold for £14.5 million.
North East-based property firm Grainger has acquired the site, which includes 120 furnished apartments and town houses, commercial space and a car park.
The company expects to benefit from a gross rental income of £1m per annum from the mixed-use scheme.
Helen Gordon, chief executive of Grainger, says: “This acquisition reinforces our confidence in the regional markets.
“With our well established operational platform in place, we look forward to continuing to grow our portfolio and offering good homes to renters throughout the UK.”
CBRE was instructed in August 2015 by a private client to bring the Tabley Street scheme to market.
