The acquisition is the second transaction made on behalf of a recently secured European PRS mandate from a German institutional investor. The first deal was the recently announced acquisition of 160 residential units in Madrid. Invesco Real Estate is aiming to close two more residential deals shortly, with underlying assets spread across four different European countries. 

This deal marks three firsts for Hopkins Homes: their first PRS deal, their inaugural venture into timber frame construction and the extension of their exquisite homes beyond their core East Anglian roots. 

The 99 homes form part of the wider Beaulieu masterplan and will consist of 70% Single Family Housing (SFH) and 30% low-rise apartment units. The c.105,400 sqft development will target an EPC A energy rating and, among other elements, make use of photovoltaic panels, LED lighting, air source heat pumps and electric vehicle charging. The wider Beaulieu masterplan is forecast to be home to 3,600 families upon completion. Residents will benefit from new schools, community uses, veterinary facility, indoor sports and other leisure facilities, cafes and play areas. Beaulieu also has 176 acres of public open space. 

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