Located in Glasgow’s West End, Granary Quay, which comprises a mix of studio, 1-bed and 2-bed apartments is just a 10-minute bus ride away from The Queen Elizabeth University Hospital, the largest Hospital Campus in Europe, Partick train station and the SEC and OVO Hydro. Designed to a high standard, the development offers residents an array of on-site amenities including lounge and dining space, co-working facilities, gym, and riverfront gardens.

Dandara Living Management has been retained by Europa to operate Granary Quay, and the development which began welcoming its first residents in May is already 70% occupied.

Ed Crockett, continues: “This acquisition aligns with our focus on investing where we see an opportunity to stabilise and reduce the risk profile of the asset over the medium term and present us with the prospect of delivering a strong and highly durable income stream over the coming years. The potential for continued regulatory change has created a barrier to entry for new BTR developments, as such we were pleased to be able to secure this opportunity.”

Dandara Living currently has 5,000 BTR units under management, the majority on behalf of third-party investors, and sites secured to bring forward a further 8,000 apartments and PBSA beds across the UK.

Jim Davies continues: “This latest transaction marks yet another major milestone for Dandara Living as we continue to expand our footprint across London, the Southeast and prime regional city centres.