ECE, a German real estate investor, completed the acquisition of 2100 build-to-rent residential units from Dandara, an independent property development company, for £400m ($558m). “While many investors have been shying away from taking any material investment decisions in this sector in 2019 due to the lingering uncertainty around Brexit, we felt this to be a good time to invest given the underlying positive fundamentals. The portfolio offers the opportunity of a sizable entry into the UK market, providing a great starting point to eventually build an ECE platform. Birmingham, Manchester and Leeds benefit from a large share in the most relevant age bracket BTR appeals to, positive employment figures, and in consequence a remarkable demand for modern and professionally operated BTR apartments," Henrie W Kötter, ECE CIO.