Media & News
The Long Harbour Income Fund ("LHIF") completed the purchase of two existing assets consisting of 220 units across two schemes within London, representing a total investment of £66.7 million.
Located in Deptford and Croydon, these existing assets are specifically targeted at the private rented sector. The schemes are well located to key transport links and employment hubs in London such as Canary Wharf, the City and the West End.
"The acquisition represented an opportunity to complement LHIF’s primary strategy of funding developers to deliver build to rent stock. As an existing asset split across two sites in London it offers immediate income spread across areas that are difficult to access on a forward funded basis due to competition with build to sell developers." Aldred Drummond, Director
Long Harbour has invested £315 million in the private rented sector since 2013. LHIF is a 15 year institutional fund focused on delivering high quality residential homes for rent across the UK.