Greystar has acquired the Barking Wharf build-to-rent (BTR) scheme in East London from Invesco Real Estate for an undisclosed price.
The 595-home community, which was completed in 2021, comprises a mix of studio, one- and two-bedroom apartments across two buildings.
The on-site amenity provision includes a co-working lounge, gym, private dining room, a roof terrace and five ground floor commercial units. Greystar intends to invest in the scheme’s amenity spaces to ensure the asset continues to meet customer needs.
The transaction follows the recent launch of Momento Hayes in London and adds to Greystar’s growing portfolio of Momento communities in Vienna and Berlin.
Ben Mowbray, managing firector – UK investment, at Greystar, said: “The acquisition of Barking Wharf reflects our ability to identify high-quality opportunities in growth locations and enhance value through targeted investment and operational expertise. This well-located asset will benefit from our proven management platform, creating a best-in-class rental community that delivers an elevated experience for residents and long-term value to the community as part of the ongoing regeneration of Barking and Dagenham.”
