Starlight Investments, a leading global real estate investment and asset management firm, has announced the acquisition of a build-to-rent (BTR) development in Maidenhead, Berkshire, marking a major step in the company’s continued expansion across the UK rental housing market.
The acquisition, part of the St Cloud Way regeneration scheme, was completed with Countryside Properties (UK) Limited, a subsidiary of Vistry Group, and brings Starlight’s UK BTR portfolio to 4,000 rental homes.
Located on the site of the former Magnet Leisure Centre in Maidenhead’s town center, the new development is currently under construction. It will deliver 255 premium rental homes across three buildings, ranging from four to eleven storeys. The community will offer a selection of one-, two-, and three-bedroom apartments, including townhomes, all featuring private balconies and access to 191 underground parking spaces.
The project is being developed in phases, with the first building comprising 73 apartments expected to be completed in December 2025, and the remaining residential buildings set to finish in Q4 2026. Once completed, residents will enjoy more than 7,500 square feet of amenities, including a state-of-the-art fitness centre, co-working areas, resident lounges, and a landscaped podium garden. The design will also incorporate multiple sustainability features throughout the property.
The broader St Cloud Way regeneration is the most significant development initiative under the Royal Borough Development Partnership, a joint venture between the Royal Borough of Windsor & Maidenhead and Vistry Group. This project aims to revitalize the area with new housing, green spaces, and infrastructure improvements.
Maidenhead’s location offers a decisive strategic advantage. The town is recognized for its economic growth, high quality of life, and connectivity. Residents will benefit from proximity to the high street and train station, with access to Overground and Elizabeth line services linking directly to London and the Thames Valley, making it ideal for professionals commuting to nearby employment hubs in technology, life sciences, and advanced manufacturing.
The acquisition represents Starlight’s tenth UK BTR investment since entering the market in 2023, reflecting the company’s long-term commitment to providing high-quality rental housing across the London commuter belt. It follows recent activity, including the firm’s groundbreaking in Basildon, further solidifying its footprint in key growth markets.
KEY QUOTES
“This acquisition reflects our continued commitment to delivering new high-quality rental housing in growing UK markets. 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.”
Jonnie Milich, Head of UK Residential, Starlight Investments
“This deal exemplifies our partnership-led approach, working with institutional investors and public sector partners to deliver high-quality rental communities in resilient, well-connected locations. Combining innovative placemaking, extensive amenity provision and future-ready design features, we look forward to working with Starlight Investments and the Royal Borough of Windsor & Maidenhead to realize the full potential of the transformative St Cloud Way regeneration scheme.”
Daniel King, London Divisional Chair, Vistry Group
