Apartment complex acquired by investor in deal worth nearly £5m

Real estate investor, Southernwood Capital, has completed the acquisition of Luxaa Apartments in Doncaster on behalf of Southernwood Residential II, its second real estate investment fund.

The apartment complex which consists of 57 rented apartments and 12 long leaseholds was built in 2008 by a local developer.

The deal, valued at just under £5m, marks the third and final acquisition for Southernwood Residential II following acquisitions in Nottingham and Derby in 2023.

Luxaa Apartments will join Southernwood’s operating platform, “Greenpoint”. Southernwood Capital says this is the first time it has acquired an asset in Yorkshire.

Irvine Robertson, managing partner, said: “The Luxaa Apartments acquisition exemplifies the agility with which Southernwood Capital can execute deal flow.

“This is an off market and highly opportunistic deal in an up-and-coming city which is receiving significant investment from both UK and foreign entities.

“Through our real estate platform, Greenpoint, we will aim to provide a premium lock-and-leave rental product for the professionals of Doncaster.”

Southernwood Capital was advised on the deal by Ben Robinson and Matthew Hannah at Innes England and Adam Youatt and Tertia Werry at Gateley Legal.