Starlight Investments has expanded its UK build-to-rent (BTR) portfolio with the acquisition of a major residential development in Maidenhead, Berkshire. The property, acquired from Countryside Properties (UK) Limited — a subsidiary of Vistry Group — forms part of the wider St Cloud Way regeneration scheme.
Located on the site of the former Magnet Leisure Centre, the project is currently under construction and will deliver 255 rental homes across three buildings ranging from four to eleven storeys. The development will comprise a mix of one-, two-, and three-bedroom apartments, as well as townhomes, each with private balconies. Residents will also have access to 191 underground parking spaces. The first phase, including 73 apartments, is due for completion in December 2025, with the remaining buildings expected by late 2026.
When complete, the scheme will feature over 7,500 sqft of amenity space, including a fitness centre, co-working areas, resident lounges, and a landscaped podium garden. Sustainability measures have been integrated throughout the design.
The St Cloud Way regeneration is the largest scheme being advanced by the Royal Borough Development Partnership, a joint venture between the Royal Borough of Windsor & Maidenhead and Vistry Group.
The acquisition brings Starlight’s UK rental housing portfolio to 4,000 homes. Maidenhead’s strong transport links, including Elizabeth line services to London, and its growing base in technology, life sciences, and advanced manufacturing, continue to make it an attractive location for investment.
“This acquisition reflects our continued commitment to delivering new high-quality rental housing in growing UK markets,” said Jonnie Milich, Head of UK Residential, Starlight Investments.
“Maidenhead’s connectivity, economic strength, and regeneration vision make it an ideal location for long-term investment and community building and is an exciting addition to our commuter belt strategy.”
