ECE Living
GROWTH IN SCOTLAND
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A new addition to ECE Living’s management portfolio: the “Forbes Place” residential complex in Aberdeen.
ECE Living, the ECE Group division specializing in residential investments, has acquired Forbes Place, a residential complex with 292 apartments in Aberdeen, Scotland, for an institutional investor and is now responsible for asset and investment management for the property. The almost fully let residential complex was developed by ECE’s long-standing partner Dandara and completed in 2016. It is situated in a park-like setting in the suburb of Stoneywood, approximately seven kilometers north-west of Aberdeen city center. The property has 292 rental apartments and town houses with between one and four rooms as well as 413 car parking spaces. The efficiently designed and mostly fully furnished apartments feature fitted kitchens as well as balconies or terraces, thus meeting the high demand for modern, well-appointed rental apartments in the Scottish university city of Aberdeen, which, as the UK’s “energy capital,” is gaining a reputation for embracing sustainable energy alongside its activities in the traditional oil and gas industry.
292
rENTAL APARTMENTS AND TOWN HOUSES WITH 1–4 ROOMS
2,500
APARTMENTS MANAGED BY ECE LIVING (AROUND)
Co-Working & Gym
ECE Living recently created a new co-working area in the build-to-rent residential complex in Leeds. And designed by ECE: the gym in the Chapel Wharf neighbourhood in Manchester.
STABLE RESIDENTIAL INVESTMENTS IN EUROPEAN CITIES
As a strategic partner and advisor to national and international institutional investors in residential projects, ECE Living covers the entire range of services along the real estate value chain as part of the ECE Group, especially in the living segment. The focus is on new residential neighborhoods in attractive locations in growing European cities with compact, efficiently designed rental apartments and attractive communal areas that are tailored to the target group of young, urban professionals with flexible lifestyles and working practices (build-to-rent). The “ECE Better Living Europe Fund” launched by ECE Living in 2022 also invests in such residential neighborhoods, for which institutional investors such as insurance companies and pension providers have been secured. These investors focus in particular on long-term dividend growth and stable investment properties – an ideal field for build-to-rent residential real estate. Based on the solid cooperation with investors and the excellent operating performance of the fund properties acquired for the “ECE Better Living Europe Fund,” ECE Living is currently in the process of drawing up further institutional investment options. //
ESG Spotlight
In terms of ECE Living’s holistic view of residential investments, one important aspect involves taking ESG criteria into consideration. In the context of development-oriented investment approaches, sustainability aspects are integrated into the planning of real estate projects. When investing in existing properties, on the other hand, property-specific packages of ESG measures are already defined during the due diligence process for the purchase. These measures are then implemented. The energy efficiency of the properties and a socially responsible approach to urban development play a particularly important role here. Besides pursuing purely environmental goals, ECE Living also takes into account social and qualitative aspects that help to improve the well-being of tenants.
100%
GREEN BUILDING-CERTIFIED REAL ESTATE PORTFOLIO