Key Takeaways
- • The National Housing Bank, a Homes England company, has committed up to £70m to Fiera Real Estate and Packaged Living's Single-Family Housing Fund, including an initial £51m cornerstone investment.
- • A further £19m is available to the fund as it grows, per the primary report.
- • The investment is aimed at building a pipeline of family rental homes at scale and attracting institutional capital into UK housing delivery.
- • Housing Secretary Angela Rayner framed the investment as a way to unlock private investment for housing the country needs.
Summary
The National Housing Bank has committed up to £70m to the Single-Family Housing Fund run by Fiera Real Estate and Packaged Living. The bank, a Homes England company, provided a £51m cornerstone investment, with a further £19m available as the fund grows, according to the source report.
Housing Secretary Angela Rayner said the investment would "get new family homes for rent off the ground and unlock private investment to build the housing our communities desperately need." She pointed to pressure on families from the housing crisis and the government's aim of delivering better-quality homes.
Simon Century, CEO of the National Housing Bank, said the investment shows the bank's role in attracting institutional capital into housing delivery. He said the partnership supports a pipeline of family rental homes at scale, intended to address undersupply in key markets.
Charles Allen, head of European real estate at Fiera Real Estate, described the commitment as validation of the firm's investment thesis and its joint track record with Packaged Living. He said the strategy gives institutional investors targeted exposure to an established asset class. Living is one of Fiera's three conviction sectors alongside real estate debt and logistics, which he attributed to structural tailwinds, supply-demand imbalances and inflation-resilient income streams.
Ed Ellerington, chief executive of Packaged Living, described UK single-family rental housing as a mature asset class that Packaged Living has helped institutionalise. He said the company would draw on its lifecycle expertise to deliver sustainable homes offering downside protection and growth prospects for investors.
Housing Secretary Angela Rayner said the investment would "get new family homes for rent off the ground and unlock private investment to build the housing our communities desperately need." She pointed to pressure on families from the housing crisis and the government's aim of delivering better-quality homes.
Simon Century, CEO of the National Housing Bank, said the investment shows the bank's role in attracting institutional capital into housing delivery. He said the partnership supports a pipeline of family rental homes at scale, intended to address undersupply in key markets.
Charles Allen, head of European real estate at Fiera Real Estate, described the commitment as validation of the firm's investment thesis and its joint track record with Packaged Living. He said the strategy gives institutional investors targeted exposure to an established asset class. Living is one of Fiera's three conviction sectors alongside real estate debt and logistics, which he attributed to structural tailwinds, supply-demand imbalances and inflation-resilient income streams.
Ed Ellerington, chief executive of Packaged Living, described UK single-family rental housing as a mature asset class that Packaged Living has helped institutionalise. He said the company would draw on its lifecycle expertise to deliver sustainable homes offering downside protection and growth prospects for investors.
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