KKR and Puma Property Finance have formed a joint venture between Puma and private credit funds, clients and accounts managed or advised by KKR to provide up to £500 million ($667 million) in senior development and stabilization loans to fund best-in-class residential, build-to-rent and student accommodation schemes, providing scaled access to capital in undersupplied U.K. housing markets.
The joint venture combines Puma’s established origination platform and track record in U.K. real estate lending, with KKR’s scale, institutional structuring capabilities and global credit expertise. The platform will be supported by a senior credit facility provided by a major international bank.
The three-year forward-flow partnership will target loans of £20 million to £75 million ($27 million to $100 million) in the U.K. living sector, including build-to-rent, build-to-sell and purpose-built student accommodation. The platform is designed to support experienced developers d
