M&G goes on property spree

M&G Real Estate is to finance 315 build-to-rent homes in Reading, a town in south east England, reflecting increasing interest in the sector by the asset management industry.

Thames Quarter, a development of one, two and three-bedroom apartments, will be ready for occupation in 2021 and is the latest deal made on behalf of the M&G UK Residential Property Fund managed by Alex Greaves.

M&G has invested around £900 million (€1.03 billion) in 2,600 homes since 2013 and it has plans for further investments in the sector in 2018.

Greaves said Reading was “the next obvious choice” for the expansion of its residential portfolio and reflected its strategy to invest in areas with strong employment and quality infrastructure.

In March Aberdeen Standard Investments launched what it said was the first residential property fund to invest on a pan-European basis.

Watkin Jones will act as developer and contractor with the opportunity acquired from Lochailort.

Campbell Gordon represented M&G Real Estate and CBRE represented Lochailort.

©2018 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST