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Birmingham Post

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Sion Barry

Cardiff 27-storey apartment scheme acquired in a £37.5m deal

Cardiff United Kingdom

An under construction 27-storey apartment scheme in the centre of Cardiff has been acquired in a £37.5m forward funding deal.

The Gramercy Tower built-to-rent development on Curran Road has been acquired by the Catella European Residential Fund III.

The 188 apartment scheme has been acquired from Urban Centric, with the Cardiff office of Knight Frank acting for the developer on the deal.

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