AIMCo and Ridgeback completed the acquisition of the UK-based build-to-rent assets from Angelo Gordon for £283m.

Alberta Investment, an investment fund, and Ridgeback, a private investment company, completed the acquisition of the UK-based build-to-rent assets from Angelo Gordon, an alternative investment firm, for £283m. "We are very pleased to be scaling up our UK build-to-rent joint venture with the acquisition of these five assets, which complement our existing portfolio in the sector. We are committed to delivering high quality, amenitised accommodation in which our residents can live, work and play whilst limiting the impact on the environment. From an investment perspective, we particularly like the inflation protection attributes of the BTR sector in the current economic climate," Rupert Wingfield, AIMCo Head of European Real Estate.