Aberdeen Asset Management has invested 拢25m (鈧�29.6m) in a UK Private Rented Sector (PRS) asset.
The investment manager bought Queen Street Apartments in Leicester, the first deal for its Investment Club of UK pension funds.
Aberdeen raised 拢115m , which will target existing schemes and new developments.
The 232-unit scheme is near the city鈥檚 station.
Aberdeen said it now managed 700 residential units in the UK, including student residential blocks, land or developments near transport centres or services, or existing developments.
Ed Crockett, who manages the fund, said: 鈥淲e all know the UK isn鈥檛 building enough homes, which means purchasing a property is unachievable for too many.
鈥淭his means there鈥檚 real desire for decent quality rental properties that we are trying, for our part, to provide.鈥�
Read more on the progress of PRS in the UK in the
