Newcastle
Pandon Portfolio
- Strategy
- Value-add
- Type
- Co-living
- Location
- UK
Opportunity
A 354-unit bolt-on acquisition completed in 2025, creating an 832-unit Newcastle cluster together with the NEC Portfolio and increasing operating scale in a structurally undersupplied rental market.
Delivery
Communal-area refurbishment has been completed, multiple lease regears executed and rents are being rebased toward market levels, with the portfolio integrated into the Newcastle operating platform.
Outcome
The portfolio has been refinanced with Shawbrook. Together with NEC, it establishes an 832-unit Newcastle cluster with greater operating scale and a broader base for continued rental and asset-management initiatives.