Henley has acquired a build-to-rent (BTR) team to launch a £300m (€344.1m) investment strategy.
Henley, the global private equity real estate investor, has entered the UK build to rent (BtR) sector with the appointment of a team led by BtR specialist Jonathon Ivory, former MD of Atlas Residential. The team will focus on the acquisition, development, asset management and operation of BtR assets throughout the UK.
The investment of £300m into the BtR sector has a high strategic fit with the company’s existing investments. Henley owns, develops and manages over 10,000 residential until across the student accommodation, healthcare, social housing and US multifamily sectors.
Ian Rickwood, Chief executive officer of Henley Investments, said:
“Ivory brings with him an extensive track record and impressive expertise. This will be put to good effect as we seek to capitalise on this growing sector and service the increased demand for high-quality rental accommodation of varying price points throughout the UK.”
Justin Meissel, Chief Investment Officer and Managing Director Europe, Henley Investments, added:
“Jonathon and his team’s expertise perfectly compliment Henley’s extensive investment, development and operational experience. This marks a significant step towards realising Henley BTR’s ambitions in the UK rental residential sector, and is a natural extension of our firm’s capabilities.”
Ivory joins Henley from Atlas Residential, where he oversaw the acquisition, mobilisation and operation of 1,200-unit UK portfolio, which included the first institutionally funded BtR properties in Southampton and Birmingham.
Prior to Atlas, Ivory help positions at the real estate investment bank Carlton Group, specialist property developer The Raven Group and Legal & General.