PATRIZIA invests in major 281 apartment build-to-rent scheme in Reading, U.K.

PATRIZIA AG has on behalf of its institutional clients invested in a turn-key build-to-rent (BTR) development in Reading, England, for an undisclosed sum.

Olivers Place is a collection of 281 high-quality BTR properties comprising a mix of one-, two- and three-bedroom apartments. The homes have been acquired from award-winning housebuilder Berkeley Homes, who will deliver Olivers Place in four phases as part of its larger Huntley Wharf development on the banks of the River Kennet. The first residents are scheduled to move into Olivers Place in 2024, with the final phase set to complete in 2025. Each property will come fully fitted and be finished to Berkeley Homes’ high standards of design and specification.

“Our development partner in Berkeley Homes is renowned for its expertise in sustainable placemaking and its hallmark of quality when delivering new homes in the U.K.,” said Antonio Marin-Bataller, director, pan-European transactions at PATRIZIA. “Our invest