The Urban Splash Residential Fund (USRF) and its investment adviser SURE Capital Partners have secured a new £50m revolving credit facility (RCF) with Barclays.
The RCF replaces the previous £20m facility secured in 2023 and allows USRF to continue its acquisition strategy of building an institutional-scale portfolio of rental homes across UK cities.
Akeel Malik, USRF fund manager, said: “We are delighted to continue our recent growth, building on our successful relationship with Barclays and securing an increased revolving credit facility as we expand the portfolio through new and existing partnerships with best-in-class developers. The continued support of such a prominent financial institution enables us to further invest in the delivery of much-needed sustainable housing and regeneration across UK regions.”
Jason Constable, head of real estate at Barclays Corporate Banking, added: “We are delighted to expand our support for USRF as the business continues to grow its portfolio of design-led homes across the UK. This is yet another example of our strong commitment to the UK housing sector.”
Gorvins advised USRF and Barclays was represented by Osborne Clarke and JLL.
