Aberdeen AM continues residential expansion with Harrow acquisition

The development’s location in an improving suburb of London, its high quality and configuration make it a good fit for Aberdeen’s growing UK residential portfolio.

It is located adjacent to Harrow on the Hill Underground and Overground stations and is surrounded by the suburb’s shops and other amenities.

The development has been purpose built for rental and will provide facilities for residents like a concierge and gym.

Aberdeen Asset Management Fund Manager Ed Crockett said: “We look for affordability, accessibility and amenity in our private rented investments and this development ticks all of the right boxes for us. It offers the kind of quality accommodation and facilities that tenants expect and is located right in the middle of Harrow on the Hill. That makes it easy for people to commute into London and is surrounded by shops and Bars.

“There’s enormous potential in the UK’s private rented sector because of the significant historical undersupply of new homes being built. But tenants expect, and deserve, professional landlords managing decent properties that are good value and in places where they want to live. We’ve got a lot of experience of providing this kind of accommodation in Europe and are now bringing that to bear here in the UK.”

The Hub consists of six studio units, 36 one bedroom units, 42 two bed units, a 1000 square foot gymnasium, Tesco convenience store and 84 car parking spaces.

Aberdeen is the second largest residential largest residential property fund manager in Europe, managing nearly EUR5 billion of assets.