Round Hill Capital has secured a £115 million loan from Carlyle to develop the Fairfax luxury build-to-rent project in Manchester, UK, marking their first collaboration.

Information on the Target

Round Hill Capital, a prominent global real estate investor, developer, and manager, has successfully arranged a £115 million development loan with Carlyle (NASDAQ: CG) to facilitate the construction of Fairfax, a luxury build-to-rent (BTR) project located in Manchester, UK. This project represents a significant milestone as it marks the first collaboration between Round Hill Capital and Carlyle.

The Fairfax development features two towers, offering a total of 488 high-quality one-bedroom and two-bedroom apartments. Residents will enjoy premium amenities, including a gym, 24-hour concierge service, co-working spaces, and a rooftop terrace with breathtaking views of the city skyline. The development is strategically placed within the burgeoning Portugal Street East masterplan regeneration area, just a five-minute walk from Manchester Piccadilly station and under a kilometer from the city center.

Industry Overview in Manchester

Manchester's real estate market has witnessed substantial growth in recent years, with the city's population swelling by 10% and employment rates increasing by 28% over the last decade. This demographic surge has led to a persist