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Fiera and Packaged Living launch SFH fund targeting £1bn portfolio
['Ciaran Nerval']
Property News for Commercial & Residential Sectors at Property Week
Fiera Real Estate UK and Packaged Living have launched a new single-family housing fund which is targeting a portfolio valued at £1bn.
The open-ended, core-plus fund, Fiera Real Estate Single-Family Housing (FRESH), has secured seed capital from a group of institutional investors, enabling immediate deployment into an existing pipeline.
Packaged Living manages around 4,000 homes across a range of co-living, multi-family and garden style properties.
“We will leverage our full lifecycle expertise and established track record to deliver a high-quality and sustainable housing product.
Loading…In 2020, Packaged Living and Fiera partnered together to buy a site in Manchester for a build-to-rent development.