Several managers have launched new vehicles focusing on the European market.

The largest fund launch was by PfP Capital with its £550 million (€628 million) PfP Capital Build-to-Rent Fund. It will focus on investing in high-quality build-to-rent opportunities throughout the UK. Once fully invested, it is expected that the fund will have forward-funded 3,000 homes across six to eight high-quality, large-scale schemes, targeting investment in regional towns and cities.

Urbeo Residential, a new mixed-tenure Irish housing fund, plans to raise between €300 million to €400 million to scale up its investments in the Irish private rented sector. The fund is focused on providing quality rental housing in the underserved segments of low- and middle-income households, principally in Dublin, but also in other Irish cities.

In the office space, MAPFRE has announced two new vehicles. The first one involves a partnership with GLL to invest in prime offices in a number o