Godwin Developments sets up €1.1b UK build-to-rent JV

UK property developer Godwin Developments has formed a JV with an unnamed institutional investor to amass a £1 bn (€1.1 bn) portfolio of single-family and multifamily BTR assets.

The company said it would acquire both standing and forward funded assets as well as land, mentioning the ‘Oxford-Cambridge Arc’ and the Home Counties as key to expanding the delivery of single-family units for rent, while London, Bristol and Birmingham are cities for the multifamily offering.

Stephen Pratt, director and co-founder, said: ‘BTR has proven itself to be a highly defensive asset class and is rapidly establishing itself as a real alternative to home ownership, delivering an opportunity to alleviate the shortage of housing across the country.’

‘This launch is truly transformational for our business.’

Godwin Developments was advised by Alantra (corporate finance), Gateley (legal) and KPMG.

 

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