Places for People have acquired a residential portfolio of 654 apartments from Urban Splash, including properties in Bristol and Plymouth, in a £77m deal. The organisation, which last year acquired Bath-head-quartered Touchstone, have now bought the Lakeshore development in Bristol, however Urban Splash will be retained on a three-year sales and management contract for the whole portfolio.
Lakeshore is an eco development of the former home of Imperial Tobacco, a Grade II Listed building. Urban Splash worked with Ferguson Mann to develop a series of incredible apartments and well thought out, attractive landscaped grounds.
Places for People are one of the largest property management, development and regeneration companies in the UK. Group chief executive, David Cowans, comments on the purchase: "Adding these properties to our portfolio enables us to provide even greater choice and more access to homes for sale, rent and part ownership across the UK".
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