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Maingate Village

Location: Kissimmee, FL
Size / Units: 357 affordable rental units
Use Class: Residential
Description: Reditum entered the Maingate transaction in partnership with Cornerstone Asset Management in December 2019, acquiring the 572-room hotel just outside of Orlando, Florida for conversion into Maingate Village, a complex of 357 affordable rental apartments, commercial restaurant/office space and onsite amenities. The property is located in an area of severely undersupplied rental units with a rental demand growth of 7.5% PA over the last 3 years, above the US average.

The Zip Building

Location: Leicester, UK
Size / Units: 77 units
Use Class: Student Housing
Description: The Zip Building comprises a prominent detached building divided into two separate buildings, one a new build property and the second a converted property, providing 77 student units offering a mix of en-suite cluster rooms, apartments and studios.

Ware Land Parcel

Location: Ware, Hertfordshire, UK
Size / Units: Land with planning allocation in place for 720+ residential units<
Use Class: Land with Planning Permission
Description: The Ware land parcel, which Reditum controls with partner Bellis Homes Ltd under the JV company name Redellis,  forms approximately 42% of the total Ware land site, which achieved residential allocation for approximately 1650 units from Hertfordshire council in October 2018 and represents the majority of potential new-build residential units in Ware until 2033. Reditum Capital is progressing the planning to outline stage, at which point the transaction will be exited to UK housebuilder Taylor Wimpey has exchanged on a contract to purchase Reditum’s full allocation of units for £100k each, totaling £72m.

YOHO

Location: Leicester, Uk
Size / Units: 134 studios
Use Class: PBSA
Description: Comprised of 134 self-contained studios, YOHO offers the very best in modern, high-quality student living. The asset is located within the Leicester city center about 0.5 miles from The University of Leicester.

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