KKR and Inhabeo, KKR Real Estate’s living sector platform in Europe, have acquired The Slate Yard in Manchester, a high-quality portfolio of three build-to-rent (BTR) multifamily buildings. KKR and Inhabeo have acquired the portfolio for more than £100 million ($132 million) from L&G.
The portfolio has strong sustainability credentials and consists of 424 high-quality residential units across three properties, totaling 270,000 square feet. It houses attractive amenities including a gym, residents’ lounges and co-working spaces. Situated in a prime waterfront location, The Slate Yard is close to the central business district and well positioned to serve Manchester’s fast-growing population of professionals in an undersupplied residential market.
“Through the acquisition of The Slate Yard, we are pleased to further our presence in Manchester and continue to grow our U.K. residential portfolio,” said Mark Ekinde, principal in KKR’s European Real Estate te
