Long Harbour has secured a new debt facility with Barclays to support the expansion of its single-family housing fund (LHSFF). The facility is flexible and scalable and allows Long Harbour to fund development costs for its current and pipeline schemes on a pari passu basis. Barclays’s initial commitments total £66.8 million ($89.8 million) to cover the first two completed transactions.
Long Harbour secured a £300 million ($403 million) seed equity commitment from South Korea’s National Pension Fund (NPS). The fund has a target size of £1.2 billion ($1.6 billion) over the next 18 months, with a strategy to acquire new-build family homes across the United Kingdom, with a focus on the South and Southeast of England.
The fund has committed to more than £180 million ($242 million) of acquisitions to date and identified a further £100 million ($134 million) of opportunities, having already funded more than 450 homes since inception. The fund’s first deal was the f
