Morgan Stanley, Ridgeback buy L&Q’s Metra Living for £1.05 billion

Morgan Stanley

Morgan Stanley

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  • Morgan Stanley Real Estate Investing, alongside Ridgeback, agreed to buy L&Q’s private rented sector unit Metra Living for an enterprise value of £ 1.045 billion.
  • The deal covers about 3,200 homes across Greater London, a fully integrated operating platform, its team, and £ 300 million of external debt facilities.
  • The portfolio is concentrated in supply-constrained London submarkets, targeting long-term rental income growth from professionally managed housing.


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