PfP Capital launches £550m BTR fund

PfP Capital has launched a new fund with a £550 million ($764 million) fundraising goal.

The PfP Capital Build-to-Rent Fund will focus on investing in high-quality build-to-rent (BTR) opportunities throughout the United Kingdom.

“Institutions recognize that the U.K. build-to-rent sector has potential to deliver significant, stable returns over the long-term but also that social impact is now a genuine priority for investors,” said Alex Notay, fund director, PfP Capital.

The fund will be seeded with three major residential development schemes across the United Kingdom, valued at approximately £150 million ($208 million), which will be forward-funded through a special-purpose vehicle, prior to introducing long-term capital through the fund.

Once established, the fund will look to forward-fund additional development opportunities comprising at least 300 units in which it can leverage Places for People Group’s significant expertise. Once fully investe