Starlight Investments, a global real-estate investment and asset-management firm headquartered in Toronto, has acquired a 255-unit build-to-rent development in Maidenhead, Berkshire, marking the tenth UK acquisition since entering the market in 2023. The development, located at the St Cloud Way regeneration site in the town centre, forms part of the larger scheme led by the Royal Borough of Windsor & Maidenhead in partnership with Vistry Group.

The property, currently under construction and acquired from Countryside Properties (a subsidiary of Vistry Group), will span three buildings ranging from four to eleven storeys, offering a mix of one-, two- and three-bedroom apartments plus townhomes.

A first block of 73 apartments is slated for completion in December 2025, with the remainder targeted for the fourth quarter of 2026. Residents will benefit from more than 7,500 sq ft of amenity space, including a fitness centre, co-working zones, lounges and a podium garden, as well as 191 underground parking bays.

Maidenhead is a strategic location for the investor: the town sits on the Elizabeth Line and provides strong commuter connectivity to London and the broader Thames Valley tech, life-sciences and advanced-manufacturing hub.

Jonnie Milich, Head of UK Residential at Starlight, emphasised the firm’s focus on “long-term investment and community building” in growing markets, pointing to the town’s infrastructure and regeneration credentials.

Vistry’s London Divisional Chair, Daniel King, described the deal as a demonstration of the firm’s partnership-led approach to delivering rental housing in resilient locations.

The acquisition raises Starlight’s UK build-to-rent portfolio to approximately 4,000 homes and reinforces its commuter-belt strategy, complementing earlier deals in Manchester, Basildon, Leeds and Dartford.

The firm highlights sustainability features across its developments and a commitment to high-quality rental stock in response to tight supply and housing affordability pressures in the UK.

With the UK market now central to Starlight’s European residential expansion, observers note that this latest investment underscores both confidence in the commuter-belt rental sector and the strategic value placed on transport-linked towns outside London.

The company stated that delivering the Maidenhead scheme will be a priority, with leasing expected to begin soon after practical completion and the enterprise positioned for long-term institutional ownership.