Maslow Capital has provided a £45m loan for Starlight Investments’ build-to-rent scheme at Prince’s Dock in Liverpool.
The 31-storey development, part of the wider £5bn Liverpool Waters regeneration project, will deliver 278 flats and include a residents’ amenity space and roof terrace overlooking the Mersey.
The Liverpool scheme and two other BTR projects in Manchester and Ashford are set to be acquired by a Starlight-led institutional partnership as part of a strategy to buy around £600m of BTR assets across major UK cities and London commuter belt markets.
Canada-based Starlight owns and manages a portfolio of C$28bn (£16.8bn) assets across North America, with more than 66,000 multi-family residential units and over 9m sq ft of commercial property.
Maslow Capital – part of European asset manager Arrow Global Group – has supported the development of more than £5.1bn of real estate projects, helping to deliver in excess of 17,000 units, including a significant number of residential developments in the North West.
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