BMO Real Estate Partners (BMO REP), has launched its U.K. Housing Fund as part of a newly developed housing strategy.
The fund is targeting £500 million ($650 million) to deliver a core, inflation-linked income-focused portfolio, which will be underpinned by an innovative ESG Impact Policy overseen by an independent advisory group, according to BMO REP.
BMO U.K. Housing Fund will aim to address a distinct gap in the U.K. housing market by offering high-quality, sustainable, community-based rental property, targeted at low- to middle-income households whose needs are not currently being met. The fund was launched in order to take advantage of immediate opportunities within its £250 million ($324 million) investment pipeline, according to the firm.
BMO REP will work alongside its development and operating partner, Home Group, one of the United Kingdom’s largest providers of high-quality integrated housing, health and social care, to invest in housing stock. BM
