PfP Capital’s flagship PRS strategy to forward fund two single-family rental schemes in Essex
Picture Living has committed £23 million (€50 million/$29 million) to forward fund two single-family residential schemes in Essex, England, which will deliver 63 high-quality homes for rent.
In Coggeshall, north Essex, Vistry Group will deliver 36 homes, the first of which will be available at the start of 2024. Residents will enjoy a countryside market town location, with the benefit of close travel links to the A12 & M11 as well as direct train links into London Liverpool St.
The second scheme, in Elsenham, northwest Essex, will be developed by Dandara and will deliver 27 homes, with the first units completing in summer 2024. It is well located by the M11, with Stansted Airport and Bishop’s Stortford nearby, while the village railway station also connects directly into London Liverpool Street.
Picture Living has a mandate to invest in high-quality new or modern homes for rent across the United Kingdom. It currently has assets under management (AUM) of