Catella APAM (“APAM”), the specialist UK & Ireland real estate asset manager, has secured full occupancy at The Arches in Leicester.
The Arches, comprised of 184 one- and two-bedroom apartments, opened its doors to renters in October 2021 and is now fully let following a successful summer period of lettings. The building was designed specifically for the rental market in mind, offering a substantial amenity offering including a cinema room, two residents’ lounges, gym, and a large double height reception with each resident having access to the inhouse management team and on-site maintenance technician.
Barry Hill, Senior Asset Manager at APAM, comments: “The Arches, the first UK Build to Rent development on behalf of Catella Residential Investment Management in Leicester, is an excellent example of purpose-built residential accommodation and we are delighted with the leasing progress that has been achieved. The development has performed ahead of our business plan assumptions with continued high enquiry levels re-affirming the strong fundamentals of the Build to Rent sector following the disruption caused during the Covid-19 pandemic”.
Please head over to The Arches website to find out more details about what the development has to offer and for enquiries on future availability – https://www.thearchesleicester.co.uk/