Moorfield Group, a U.K. real estate fund manager, and Bricklane, a proptech residential investment platform, have established a partnership that is targeting a £600 million (€695 million/$836 million) U.K. portfolio of professionally managed homes for rent.
The partnership, which represents the most significant technology-driven investment in the United Kingdom’s residential market to date, will focus on unlocking the institutional potential of existing stock, with the investments to be acquired and managed by Bricklane through its proprietary technology platform, Compass.
The partnership aims to acquire around 2,000 one- to four-bedroom houses and flats over the next 24 months with an initial focus on London, Bristol and the South East. Using Bricklane’s technology, the partnership will target attractive submarkets with deep granularity, using bottom-up data to acquire rental properties that are expected to outperform in those areas at an unprecedented scale. O
