QuadReal to acquire the Harmony Portfolio from Realstar Group for £580m

QuadReal, a global real estate investment, operating and development company, agreed to acquire the Harmony Portfolio, a rental housing portfolio consisting of eight assets, from Realstar Group, a privately owned real-estate investment and management company, for £580m. “This transaction represents the natural evolution of QuadReal’s investment strategy in Europe. We are deepening our exposure to a sector we believe in, and more solidly aligning ourselves with a world class partner on the operating side of the business. We are well positioned to continue expanding UNCLE’s reach in the UK," Jay Kwan, QuadReal Managing Director of Europe.