Edmond de Rothschild Real Estate Investment Management (REIM) has secured £85 million ($110 million) of new equity for its Edmond de Rothschild Residential Investment Fund U.K., bringing the fund to a £320 million ($417 million) final close and increasing its investment capacity to £535 million ($698 million), including debt.
The capital came from 20 European institutional investors and exceeded the initial target of £250 million ($326 million).
The Edmond de Rothschild Residential Investment Fund U.K. was launched in August 2018. The fund invests in the private rented sector (PRS) with a focus on need and affordability.
Edmond de Rothschild REIM focuses on the lower-to-mid-market and has identified regional cities and locations across the United Kingdom where demand for rented accommodation is strong and set to grow, and where existing stock is predominantly old, poor quality and in houses of multiple occupation. The fund also repurposes brownfield urban si
