Delph Property Group’s build-to-rent brand Kooky has acquired its second scheme, with the £21.3m purchase of Buckingham House in High Wycombe.
Kooky has exchanged contracts with Inland Homes to acquire the 85-flat block. It has paid 10% of the price, with the balance payable on completion early in 2022.
The BTR platform aims to grow a £100m portfolio within a year and to replicate this growth over the next four years.
In March, it shifted strategy to buy completed assets from developers, which it hopes will speed up its portfolio growth. It acquired its first scheme at London Square’s Staines-upon-Thames site, which opened this year.
Kooky is targeting schemes of 70 to 300 units in regional city centre locations or within a one-hour commute of London, offering competitive rents in place of expensive amenities.
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