Fiera Real Estate and Packaged Living reach first close for UK single-family housing fund
The fund will focus on deal sizes between 50 and 200 homes and invest through forward-funding and forward-commitment agreements with developers and housebuilders.
Fiera Real Estate UK Limited and Packaged Living Limited have reached a first close for their UK single-family housing (SFH) fund.
The fund is targeting a £1bn portfolio, aiming to provide professionally managed rental homes in supply-constrained areas.
Seed capital has been secured from institutional investors, allowing immediate investment.
The fund, called Fiera Real Estate Single-Family Housing, will focus on deal sizes between 50 and 200 homes and invest through forward-funding and forward-commitment agreements with developers and housebuilders.
The fund uses the Sustainability Impact label under the UK Sustainable Disclosure Regulation, aiming to deliver private rental single-family homes in underserved locations.
Charles Allen, head of European real estate at Fiera, said: “FRESH provides investors with access to a highly defensive sector that continues to demonstrate resilience in this market cycle.
“This fund further enhances our ability to deliver stable cash flows within our diversified portfolio, marking another significant step in our growth journey.”
Ed Ellerington, CEO of Packaged Living, said: “Single-family rental housing has evolved from a granular asset class to an increasingly mature investment opportunity that is scalable and operationally efficient.
“We will leverage our full lifecycle expertise and established track record to deliver a high-quality and sustainable housing product.
“This will offer downside protection, growth prospects, and measurable sustainability and impact benefits for institutional capital.”
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