Investments

CA Ventures to invest in build-to-rent schemes in UK and Europe

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Chicago-based real estate firm CA Ventures is to invest up to £380m a year in build-to-rent schemes in the UK and Europe

US real estate firm CA Ventures has announced plans to invest £200m per year in build-to-rent schemes in the UK and Europe.

The Chicago-based property business, which has a £10bn portfolio of properties, said that it has appointed former Lothbury Investment Management director Tim Phillips to spearhead its drive into the UK and European build-to-rent sector.

The firm said in a statement that it initially expected to invest £200m a year in schemes, but that this will rise to £380m a year by 2025.

It said Phillips, who is based in the UK, will start the push in the UK before looking to enter continental Europe. CA Ventures has already started a student accommodation development business in the UK, with £500m of development across three sites in Glasgow, Edinburgh and Seffield.

The news comes after the British Property Federation revealed that 10,000 build-to-rent properties were completed last year, the highest on record.

Phillips, whose title is head of PRS, Europe, said the firm saw great opportunities in the build-to-rent sector. By developing long-term focused assets of the highest quality, with the best locations and professionally managed, he firmly believes CA Ventures can deliver institutional grade returns.

Head of Europe at CA Ventures, Carlo Matta, said that they believe there is enormous potential in a sector that is seeing record levels of year-on-year investment and, with more than decade in the industry, he is fully confident Tim will successfully lead the CA Ventures team’s expansion into the sector.

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