Viventi Capital Management has announced plans to invest £100m in the UK’s Built to Rent sector.
The company says that it is aiming to take advantage of what it sees as an acute shortage of good quality homes to rent in this country.
Viventi, which aims to provide a stable long-term return to investors, is moving into the UK property market with investment from institutional investors.
Viventi will work with FirstPort, one of the largest managers of residential property in this country, with plans for developing sites across the UK ranging from 250 to 400 units.
Charles Flynn, chief executive of Viventi Capital Management, commented: “Our strategic partnership with FirstPort, the UK’s largest residential property manager, also provides us with the scalability and expertise to help Viventi to design, operate and maintain a portfolio of Build to Rent communities across the UK.”
Nigel Howell, chief executive of FirstPort, added: “Working with Viventi from the start of the planning process ensures we deliver what BTR customers want.
“FirstPort will also be the single point of contact for the customers - from helping them secure a tenancy, to looking after their home. This complete model, which will see us going ‘behind the front door’ is what BTR customers want, and we are delighted to use our expertise to deliver a first-class service for them.”