UK-based investment and asset management firm Grace Real Estate Partners (Grace) has acquired a 354-unit residential portfolio in Newcastle from a private seller for an undisclosed price.
The newly acquired portfolio comprises 354 self-contained studio units across three freehold buildings and expands Grace’s North East cluster to more than 800 units.
Jacob Cronstedt, founding partner at Grace Real Estate Partners, said: “This strategic acquisition consolidates our presence in Newcastle and underscores our commitment to building a high-quality, scalable living platform with long-term institutional appeal. Grace executes a thematic, value-add strategy – unlocking value through hands-on asset management, repositioning, and sustainability-led enhancements. We transform underutilised assets into institutional-grade properties – addressing critical housing needs in the UK’s underserved mid-market rental segment.”
Georges Tohme, founding partner at Grace Real Estate Partners, added: “Our investment philosophy is focused and conviction-led – targeting assets with strong fundamentals, repositioning upside, and long-term performance drivers. This acquisition not only adds scale and operational synergies to our portfolio but exemplifies how we deploy a cluster strategy to enhance income resilience and create long-term value for our stakeholders.”
