Zenzic Capital and Jensco partner to launch UK single-family rental platform
The joint venture aims to scale up to a portfolio of around 1,000 homes, with a focus on tenant service and long-term customer experience.
Zenzic Capital and Jensco Group have set up a joint venture (JV) to invest in single-family rental homes across the UK.
They have forward funded 125 new-build houses from Vistry at the Great Haddon scheme in Peterborough, backed by an initial £31m investment.
The homes will mostly be two- and three-bedroom properties built to high sustainability standards, with construction due to start later in the year.
The JV aims to scale up to a portfolio of around 1,000 homes, with a focus on tenant service and long-term customer experience.
Nadine Buckland, CEO at Zenzic Capital, said: “This investment reflects our conviction in structurally undersupplied residential markets where institutional capital can support the delivery of high-quality, professionally managed homes.
“The UK single-family housing sector is at an early but compelling stage of evolution, underpinned by long-term demographic trends, affordability pressures and increasing demand for rental housing that meets institutional standards.
“Our focus is on partnering with experienced operators to build scalable platforms with strong asset quality, disciplined capital deployment and a clear emphasis on the end customer.”
Buckland added: “We see significant opportunity to grow this platform over time and look forward to working closely with Jensco to originate further investments and expand the portfolio in a controlled and selective manner.”
Nigel Bobroff, CEO at Jensco Group, said: “Institutional interest in single-family rental housing continues to grow, reflecting the sector’s strong fundamentals and its ability to provide high-quality, professionally managed homes for families seeking long-term stability.
“This investment supports the delivery of highly sustainable homes in great locations, where demand is deep and supply remains constrained.
“Working alongside and investing with Zenzic, our focus is on building a long-term, institutional-grade portfolio, partnering with established housebuilders.”
Bobroff added: “We are delighted to be working with Vistry to bring forward well-designed homes that meet the needs of modern renters as the sector continues to mature.”
James Warrington, executive chair at Vistry Group, said: “We’re pleased to be working with Zenzic and Jensco at Great Haddon to bring forward a high-quality, sustainably built programme of single-family rental homes delivered at pace.
“Forward funding arrangements like this accelerate delivery and provide professionally managed, long-term homes that meet strong local demand in areas like Peterborough.
“It’s a great example of how our partnership model helps create thriving places while raising the bar on quality and energy performance.”
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