Morgan Stanley, Ridgeback acquire L&Q’s Metra Living for £1.05 billion
Morgan Stanley
Morgan Stanley MS | 0.00 |
- Morgan Stanley Real Estate Investing, alongside Ridgeback Group, agreed to buy L&Q’s private rented sector business Metra Living for GBP 1.045 billion.
- Deal includes about 3,200 homes across Greater London, an integrated operating platform, its team, and GBP 300 million of external debt facilities.
- Metra Living was established in 2015, focusing on professionally managed rental housing in supply-constrained London submarkets.
- L&Q will keep providing freeholder services to PRS homes leased within its buildings.
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