UK-focused real estate investment and asset management firm Grace Real Estate Partners (Grace) has acquired a residential building in North West London from a private seller for an undisclosed sum.
The 35,722 sq ft property is located between Kilburn High Road and West Hampstead.
The firm currently has four locations in the UK – two in London and two in the North East – and intends to scale an initial UK residential platform with a GVA of £750m over the course of the next two to three years, focused on structurally undersupplied rental markets.
Georges Tohme, founding partner at Grace, said: “NW6 is a supply-constrained London location with deep, structural rental demand. This acquisition is consistent with our strategy of targeting well-located residential assets where disciplined underwriting, active asset management and targeted capital investment can drive operational improvement and long-term value creation. It marks a further step in the build-out of our UK residential platform, where we remain focused on measured growth, selective capital allocation and building scale in markets supported by sustained structural demand.”
