Moorfield Group has closed its fourth value-add real estate fund above its £100m target.
Moorfield Real Estate Fund IV is expected to have an investment focus on build-to-rent, student accommodation and logistics, alongside opportunistic mixed-use and infrastructure-led real estate opportunities.
The fund will be seeded with a BTR scheme in Manchester’s MediaCity (Erie Basin) and an office building in Newcastle’s Cobalt Park.
Moorfield said the fund, which has a final target of £350m, has attracted a strong global investor base from a number of blue-chip European and US pension, endowment and foundation funds.
Moorfield group chief executive Marc Gilbard said: “We are very pleased with the response we have had from the investors that we have met as part of raising this new fund.
“Our investors place a great deal of trust in our ability to invest their capital wisely and we will look to be patient and disciplined over the three-year investment period.”
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