Border to Coast Pensions Partnership has agreed, on behalf of its Partner Funds, to purchase a portfolio of 866 single-family homes from Leaf Living, a provider of single-family homes in the United Kingdom founded by Blackstone and Regis.
The 12 estates across the southeast of England have a combined value of around £400 million ($540 million) and are energy efficient and professionally managed. It marks the largest single transaction in the single-family home sector so far this year in the United Kingdom.
The investment will provide Border to Coast’s underlying LGPS Partner Funds with exposure to high-quality family rental homes, supported by long-term demand for housing across the United Kingdom. It also reflects Border to Coast’s continued focus on assets that can deliver resilient income and diversification within its real estate portfolio.
The deal follows
