Long Harbor secured BTR joint venture
Long Harbor UK continues to expand its portfolio. The company has upgraded its Port of Rent investment initiative to achieve this.
Long Harbor has upgraded its Port of Rent investment initiative and expanded its UK portfolio. The company will name the project Tottenham Hale houses. The 166-unit plan at Tottenham Hale, to be built by Long Harbor, will be used as a forward-looking fund of 81m euros.
The project is scheduled to be delivered by Berkley Square Developments. The project will feature 7,969 square meters of commercial space. The project will include 166 housing units. Housing will take place in different facilities. Facilities include 13 lounges and a gym, as well as a dining room and an outdoor comfort area.
Proke is located in an accessible area as the location. Tottenham Hale houses are 200 meters from the metro and train stations. Apart from these, it is also close to the Victoria line and the National Rail services to central London.
According to the information received from the developers; construction will start in August 2019. development. It is expected to end in 2021.
William Astor, Chief Executive at Long Harbour, says “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 €463.8m (£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.”
Mark Evans, Head of EMEA Equity Placement for CBRE told “We were impressed with Long Harbour’s approach and vertical integration with ‘Way of Life’ from the outset. Their track record and approach with ‘Way of Life’ was a real attraction for investors and we are delighted to have been a part of their process over the past four months.”
Sevdenur Demir / [email protected]