Edmond de Rothschild Real Estate Investment Management (REIM) has completed the Lace Market Quarter build-to-rent development in Nottingham for its UK residential investment platform.
Located at 10 Short Hill, the development is a partial refurbishment of Grade II-listed buildings and a partial new build. It provides 117 studio, one and two-bed apartments for rent across four adjacent blocks, linked by a central, communal landscaped courtyard. The unit mix along with 27 lower ground parking spaces meets the strong demand in the Nottingham market.
Edmond de Rothschild REIM expects to achieve rents that are affordable for the majority of the population in the local market seeking rented accommodation, which accords with its aim to create high-quality rental assets at affordable levels. The development is managed and operated by Edmond de Rothschild REIM’s in-house private rental sector platform and builds on the success of Saffron Court, its first development in Nottingham.
The completion of Lace Market Quarter adds to Edmond de Rothschild REIM’s growing portfolio of stabilised assets. It follows those in Glasgow, Leicester, Newcastle and Rugby with four further developments under construction in Birmingham, Warrington, Gateshead and Edinburgh.
Source: press release sent on 10.06.2024