To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionLong Harbour, PSP Investments and Cadillac Fairvew create €1.8b U.K. residential platform
U.K.-based Long Harbour has brought together Canadian investors PSP Investments and Cadillac Fairview, the real estate arm of the Ontario Teachers’ Pension Plan, to create a £1.5 billion (€1.8 billion/$2.1 billion) build-to-rent platform in the United Kingdom.
The joint venture will incorporate Way of Life, Long Harbour’s residential management business, to combine investment, development and operations capability within a single market-leading new platform.
The Long Harbour Multi Family (LHMF) joint venture was established in 2019 between Long Harbour and PSP Investments, one of Canada’s largest pension investment managers, with £500 million (€586 million/$695 million) of initial capital which is now almost fully committed.
Two years on, Long Harbour and PSP Investments have welcomed Cadillac Fairview into the partnership to support the growth of the platform as it scales up its pipeline and operations. Cadillac Fairview is a globally focused owner,
