Publications

- October 1, 2012: Vol. 6, Number 9

To read this full article you need to be subscribed to Institutional Real Estate Europe

UK Housebuilder Backs Hearthstone Fund

by

Hearthstone Investments, a specialist residential property fund manager, has received a seed investment deal of £22.5 million (€28.4 million), spread over three tranches, from Barratt Developments, a UK housebuilder. As part of the arrangements, Barratt will contribute a portfolio of showhomes that will then be licensed back to the company.

“We are thrilled to secure the early support of Barratt for the Hearthstone fund. Barratt’s showhome portfolio, together with that of our other partners, will provide the fund with immediate scale and income, giving investors and their advisers the ability to invest with confidence,” says Christopher Down, founder and chief executive of Hearthstone.

The TM Hearthstone UK Residential Property Fund is the first FSA-authorised residential property fund.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy