CBRE Investment Management (CBRE IM) has completed the acquisition of a 222-home single-family housing portfolio in the South East of England from Bellway for an undisclosed price.
The transaction represents the seed investment for CBRE IM’s newly launched UK Single Family Housing Partners (SFHP) strategy, established in partnership with Moda Living. The platform is focused on delivering and operating professionally managed family rental homes in structurally undersupplied UK markets.
The portfolio comprises a mix of completed homes and forward-funded development across three sites in Stevenage, Milton Keynes and Burgess Hill. All homes are expected to be delivered by the end of 2027 and will be operated by Moda Living.
Tom James, head of UK transactions at CBRE IM, said: “This is an exciting addition to our residential platform and a great first step in growing our single family housing fund, delivering high quality houses on attractive sites in locations where demand for best-in-class, professionally managed rental housing continues to outstrip supply. Working alongside Moda Living, we are building a platform designed to deliver at scale, both in terms of operational execution and investor outcomes, focused on homes that meet the evolving needs of renters and generate sustainable income over time.”
Johnny Caddick, CEO of Moda Living, added: “These first acquisitions are an important milestone for the platform and reflect the progress we’ve made since launching the partnership earlier this year. Demand for professionally managed rental homes continues to outstrip supply and, with the backing of committed, long-term capital and Moda’s integrated development and operational platform, we’re well placed to help address that challenge. We’re looking forward to building on this strong start as we continue to grow the platform by utilising Moda’s delivery and operational capabilities – together with the wider Caddick Group land pipeline – to deliver more high-quality homes across the UK.”
Ian Gorst, regional chair of Bellway Homes, said: “We are delighted to have completed this portfolio transaction with CBRE IM and Moda as they launch their new UK Single Family BTR Fund. Their investment in Whitehouse Gardens, Milton Keynes, Forster Park, Stevenage, and Fallow Wood View, Burgess Hill demonstrates confidence in the strength of these outstanding new communities. We are proud they have chosen Bellway as their delivery partner, recognising our proven HBF five-star homebuilder track record for quality and customer satisfaction. We wish CBRE IM and Moda every success with this exciting new venture and look forward to building on our relationship in the years ahead.”
TT&G Partners and CBRE advised CBRE IM and Savills advised Bellway.
