Long Harbour has raised its third Build to Rent investment venture, enabling it to continue to grow its portfolio across the UK.
The new venture will target the development of high quality BTR schemes of over 150 units in London, the South East and selected regional cities, all of which will be managed by ‘Way of Life’, an in-house PRS (Private Rented Sector) management platform.

William Astor, Chief Executive at Long Harbour, said: “This is another major milestone for Long Harbour as we continue to invest in the UK’s build to rent market. A proven and trusted partner for institutional investors, our joint venture vehicle underlines our ability to deliver high quality schemes in locations where rented accommodation is in high demand, such as Tottenham Hale.

“The Long Harbour Multifamily Venture builds on the success of the team, which has deployed over £400m into high quality assets over the past six years. There is significant momentum behind the UK’s Build to Rent sector and, as one of the leading and longest standing investors, we are well placed to capitalise on the many emerging opportunities.”

The first investment from the new venture will be the £70m forward funding of a 166-unit scheme at Tottenham Hale, with developer Berkley Square Developments who were advised by Knight Frank.

The development will deliver 166 residential apartments, of which eight apartments will be delivered as Discounted Market Rent, alongside 7,969 sqm of commercial space. Residents will benefit from concierge services, shared social facilities such as a lounge and a gym, as well as a dining room and outdoor amenity space on the 13th floor.
Located 200 metres from Tottenham Hale tube and rail stations, the site provides easy access to central London via the Victoria line and National Rail services. Construction will commence in August 2019, with the development due to complete in autumn 2021.