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Sign in Sign up for a FREE subscriptionLong Harbour invests €130m to forward fund BTR development in Tower Hamlets
Long Harbour has agreed to invest €130 million ($131 million) to forward purchase a 204-unit BTR development within Leaside Lock, a new riverside community in the heart of East London, in Zone 2.
The BTR element of Leaside Lock offers a modern collection of studio, one-, two- and three-bedroom apartments in Zone 2’s Bromley-by-Bow, E3. The development is just a short walk from the River Lea, surrounded by independent shops and bars, and near popular attractions such as Westfield and well-known creative hubs such as Hackney Wick and Here East. The scheme will launch in the first half of 2023.
This acquisition forms part of The Long Harbour Multi-Family Joint Venture 2 (LHMF 2), the firm’s £1.5 billion (€1.8 billion/$1.8 billion) BTR fund, which targets high-quality BTR schemes of more than 150 units in London, the South East and selected regional cities. All LHMF properties are overseen in-house by Way of Life, a management platform that will focus o
