Residential Land, Prime Central London’s largest private landlord has acquired a portfolio of 15 freehold houses in Balvaird Place and Lindsay Square, London SW1.
Built in the early 1990s by Regalian, the houses have been bought from Malaysia-based investors at a yield of 4.5%. Residential Land will keep the houses as a rental investment and aim to increase the yield as tenancies are renewed over the next year. The acquisition is unusual since most residential portfolios in the capital consist of flats.
The deal continues Residential Land’s focus on central London.
Earlier this year Residential Land acquired an adjoining mews house at 7-8 Bathurst Street, strengthening the company’s holdings around Hyde Park. Residential Land has become one of the most active residential investors in central London. Its total assets extend to more than 250,000 sq ft (23,226 sq m).
Residential Land has a large selection of properties to rent in London. As one of Central London’s largest private landlords, we are residential property experts specialising in the acquisition, sale, rental and management of our portfolio of over 1,200 flats in London. Based in the heart of Mayfair, the Residential Land team invest at an institutional level acquiring increasing numbers of properties in our specific areas of operation.
