Two development schemes in the North West have been bought by Delph Property Group as the investor seeks to expand its private rented sector portfolio.
A site in Manchester’s Green Quarter with planning permission for 146 flats in a 15-storey building was bought from Fortis for around £25m.
Delph also acquired a site in Liverpool with planning permission for 71 apartments for £9.6m.
Howard Crocker, managing director of Delph Property Group, said: “These acquisitions, which are located in two of the great cities at the heart of the northern powerhouse revolution, will make a great addition to our ever expanding portfolio.
“City centre apartments are increasingly attractive to young professionals and there is a growing demand for good quality, high specification rental properties of the type we will be providing at these exciting developments.”