Goldman Sachs buys £150m build-to-rent portfolio

Housing suburb 111720

US investment bank increases investment in UK housing sector

Goldman Sachs has made a £150m investment in the build-to-rent market, buying a 918-unit portfolio of homes in north-west England.

The US investment bank, alongside housing management specialist Pitmore, has bought the homes – known collectively as the Thistle Build to Rent portfolio – from a joint venture between build-to-rent developer Sigma Capital and challenger bank Gatehouse set up in 2014.

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