Morgan Sindall Investments Ltd (MSIL) has enlisted GVA to search for an investment partner for a UK build-to-rent funding vehicle focused on London and the South East.
The initial seed portfolio includes 1,000 homes with a gross development value of £480m.
MSIL is a division of Morgan Sindall Group, the UK construction and regeneration business. Along with its sister companies, Lovell and MUSE, MSIL is targeting the delivery of more than 20,000 homes over the next decade.
Richard Stonehouse, senior director and head of residential investment at GVA, said: “With the UK continuing to be an incredibly attractive destination to invest in this rapidly emerging asset class, there remains a huge supply-and-demand imbalance, particularly in South East England where affordability is most constrained.
“The investment strategy is not only focused on the squeezed mid-market, where occupier demand is highest, but also covers core commuter-belt locations which are also set to benefit from the broader regeneration and infrastructure investment premium that MSIL is delivering through long-term joint ventures.
Rebecca Lewis, investment manager at MSIL, added: “We are targeting the mid-market with clusters of 200-plus units with appropriate levels of associated amenity.”
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