Urban Splash residential fund sees value rise by 25%

The Urban Splash residential fund has posted sharp rises in portfolio value, revenue and profit in its latest results. The fund, Urban Splash UK Residential, was established by investment adviser Sure Capital Partners in June 2017 to acquire homes in urban regeneration areas across the UK through the Urban Splash pipeline, strategic partners and opportunistic purchases. In the year ending March 2024, portfolio value increased by 25% to £93.3m, driven by £18.4m in acquisitions, including its largest to date at East Street Mills in Leeds. Operating profit rose by 10% to £2.3m and revenue by 45% to £4.8m. Akeel Malik, a partner at Sure Capital Partners, said: “We are advancing with acquisitions and offering more people the chance to live in brilliantly designed homes across the country. “Our access to long-term patient capital allows us to continue investing in this stable market, advancing our ambition to create an institutional-scale portfolio of design-led rental homes across the UK. We are actively looking for strategic partners that we can work with to deliver high quality homes for rent.”