BauMont makes first UK investment with London property portfolio acquisition

BauMont Real Estate Capital (BauMont) has completed its first investment in the UK with the acquisition of a 182-property portfolio.

The portfolio, comprising 182 South London apartments of mostly converted Victorian and Edwardian houses let on assured shorthold tenancies, has been acquired for an undisclosed sum in the region of £37m.

BauMont, which has offices in London and Paris, completed its maiden investment in the UK with operating partner Addington Capital, acquiring the residential portfolio from a private family office.

Natalie Harrison, UK investment director at BauMont, commented: “Given its characteristics, the portfolio will be resilient and offer well-located, good quality affordable homes in an undersupplied segment of the market.

“We are delighted to be working with Addington who are experienced in managing this type of portfolio and have an excellent track record.”

Matthew Allen, principal of Addington Capital added: “We continually look for value-add opportunities in the sector and have recently been focused on the Greater London residential market, which has been subdued for many years but offers strong fundamentals.

“This portfolio offers opportunities through the refurbishment of the existing stock and new development. We are delighted to be working with the BauMont team.”