Patrizia is looking to invest £600m into the UK single-family housing market and purpose-built student accommodation from its TransEuropean Living fund.
Estates Gazette revealed the German investment manager’s plans to build a SFH platform of 1,000 homes last year.
Patrizia’s initial strategy included forming joint ventures with landowners of sites with planning permission in place, close to employment hubs.
Since then, the investor has evolved its plans to form JVs with mid-sized developers and build ground-up ESG-compliant homes, investing £300m. Patrizia told Estates Gazette its “SFH Generation 2” strategy was how it could create value for investors.
It is targeting five sites across the South of England, each of which will comprise 200-300 homes.
In terms of its PBSA ambitions, Patrizia is looking to invest £300m into a London-based student strategy.
It will buy prime sites in London and other key Russell Group cities to develop high-grade student schemes, each of which will comprise 350-400 beds.
Send feedback to Akanksha Soni
