Goodstone Living has secured equity investments totalling £550m from a number of UK and international investors for its first fund targeting the build-to-rent (BTR) sector.
The Goodstone Living Partners 1 fund is implementing a ‘develop-to-hold’ investment strategy and is focused on delivering and operating BTR communities across London and major regional UK cities for long term ownership. Its initial portfolio comprises almost 1,000 homes already under construction in Edinburgh (pictured) and Birmingham.
Goodstone said the fund is focused on both decarbonisation and social value initiatives and is specifically targeting a 30%+ reduction in embodied carbon emissions and a 50%+ reduction in operational carbon emissions.
Iliya Blazic, chief executive officer at Goodstone Living, said: “The successful launch of our first managed fund and ability to attract high quality institutional capital partners speaks to the confidence global investors have in the underlying fundamentals of the build-to-rent sector, as well as Goodstone Living’s vision of creating a better way to rent. We are excited to support our capital partners in creating next generation rental communities that integrate innovation, sustainability, wellbeing and customer service into every decision.”
