Apache Capital Partners and the institutional investors behind one of Europe’s most prominent build-to-rent platforms have appointed CBRE to conduct a strategic review of a portfolio valued at more than €1 billion ($1.2 billion).
The review covers five assets comprising 2,278 rental homes, developed by Moda Living. Day-to-day operations are overseen by Apache through Moda Life Management, established under the Apache and Moda joint venture.
The five assets subject to review are The McEwan in Edinburgh, Holland Park in Glasgow, New York Square in Leeds, The Mercian in Birmingham and The Lexington in Liverpool.
CBRE has been instructed to develop a disposal strategy and the process is now under way. No other assets are included in this process.
A spokesman for Apache and its investors said, “We are pleased to have appointed CBRE to explore strategic options for the portfolio at a time when global capital is increasingly seeking exposure to residential
