Former Greystar Europe managing director Michela Hancock has set up a new property venture with Hilltop Capital Partners founder Paul Oberschneider.
The new Hilltop Property Partners (HPP) UK rental platform will leverage Hancock and Oberschneider’s development experience and relationships with institutional capital partners to deliver “design-driven, amenity-light, service-oriented rental accommodation that balances quality with attainable pricing”.
HPP’s first development is a 425-unit build-to-rent (BTR) scheme in Leeds’ Victoria Riverside district. HPP has selected Greystar as its preferred operating partner for the BTR scheme.
Hancock said: “We’re at a critical juncture for the UK housing market, where enabling middle-income households to access quality accommodation and still have headroom within their monthly earnings, is more critical than ever. Our new platform will deliver professionally managed, amenity-light, rental homes with an essential service offering.
“We are responding to a real and growing demand from working people and families seeking modern homes at an attainable price point. Hilltop Property Partners is launching with our first development secured, and we look forward to further leveraging our global network and deep sector expertise to capitalise on opportunities across the UK and Europe.”
Oberschneider added: “Michela is one of the most respected leaders in the UK living sector and brings a truly unrivalled track record of building teams, pioneering new products and scaling major operational businesses with global capital partners. Our vision of tackling the growing challenges that remain in the housing market comes as more capital is being allocated to living sectors. With a growing pipeline across the UK and Europe, we look forward to scaling this new business over the next decade.”
