Lionbrook Property Partnership, the limited partnership formed and managed by UK-based property consultancy Baring Houston & Saunders has been joined by another company.
The new partners is SFB Real Estate, the property asset manager of BPF Bouw, the Dutch construction sector pension fund. The firm will inject £15m of new investment.
SFB is one of Holland’s largest property companies and manages a €2.7bn (NLG6bn) portfolio, invested in the Netherlands and abroad. It concentrates on the development and asset management of residential and commercial real estate.
Lionbrook was launched in 1997 to invest in institutional grade properties in the UK – but with an emphasis on active management. Its structure allows UK and non-UK investors with different tax backgrounds to invest side by side. Baring Houston & Saunders is 65% owned by the Dutch ING Group, which is also an investor in Lionbrook.
Lionbrook recently admitted the UK’s Gulliver Development Property Unit Trust as another limited partner, creating a combined property investment portfolio valued at around £170m. Other investors include Dutch fund PGGM and Japanese bank Sumitomo Trust.
