Ailon’s JV company Grace Expands Newcastle Region Residential Cluster with Strategic Add-On Acquisition, Surpassing 800 Units

Grace Real Estate Partners (“Grace”) is pleased to announce the acquisition of a high-yielding, income-producing residential portfolio in the heart of Newcastle, further consolidating its position in the North-East region and bringing its total cluster size to over 830 units.

The newly acquired portfolio comprises 354 self-contained studio units across three freehold buildings. Strategically located in Newcastle city centre, the assets benefit from proximity to key amenities, major transport links, leading universities and core employment zones.

The portfolio is operated as a hybrid model catering to both students and young professionals. Classified as residential, the properties provide flexibility and access to a broad tenant demographic.

The acquisition offers significant opportunities for value creation through multiple optimisation levers, including strategic lettings initiatives, institutional-grade property management and operational efficiencies.

This transaction marks a key milestone in Grace’s long-term strategic growth plan and exemplifies the firm’s ability to scale rapidly through selective, high-conviction acquisitions. With a target portfolio value of £1.5 billion, Grace remains focused on building a resilient, high-quality portfolio of residential assets across the UK’s most dynamic urban centres.