The Marylebone-located 61-130 Miles Buildings, London NW1 were acquired in connection with Heitman’s global core-plus investment strategy.

The two freehold residential buildings are comprised of 70 units, mostly one-bedroom apartments, spanning approximately 28,000 square feet of living space across five floors. The properties are situated within a rapidly developing area of Zone 1 London, which provides convenient access to four Underground train lines available within a two-minute walk of the property.

Caleb Mercer, Heitman Managing Director of European Real Estate Investment said: “London’s long-term demographic outlook, supply constraints, highly diversified economy, and rapidly recovering demand following pandemic-related lockdowns make well-located residential properties a compelling investment opportunity. The acquisition of the Miles Buildings represents our continued confidence in the UK, and more broadly Europe’s alternative real estate sectors. Specifically, the living sectors (rented-residential, senior housing, and student housing) continue to deliver resilient cash flows and delinked, demographically-driven demand despite today’s economic volatility.”

You can now read the full press release at the link below