Invesco Real Estate has forward funded the development of 99 homes at Beaulieu in Chelmsford, Essex.
The project, developed by Hopkins Homes, a renowned East Anglia housebuilder and part of the untypical group, is expected to complete in early 2027.
The acquisition is the second transaction made on behalf of a recently secured European PRS mandate from a German institutional investor. The first deal was the recently announced acquisition of 160 residential units in Madrid. Invesco Real Estate is aiming to close two more residential deals shortly, with underlying assets spread across four different European countries.
The deal marks three firsts for Hopkins Homes: their first PRS deal, their inaugural venture into timber frame construction and the extension of their homes beyond their core East Anglian roots.
The 99 homes form part of the wider Beaulieu masterplan and will consist of 70 percent Single Family Housing (SFH) and 30 percent low-rise apartm
