Countrywide Residential Investment

Countrywide plc, the UK’s largest property services group, and Hermes Investment Management Limited formed a strategic partnership in October 2014 in order to create Vista UK Residential Real Estate Fund LP (the ‘Fund’), the pre-eminent residential property investment fund operating in the UK Private Rented Sector.

Countrywide Residential Investment is The Fund’s Asset Manager, responsible for all acquisition, due-diligence, asset management and property management activities.

The partnership combines the complementary skill sets of Countrywide, the UK’s largest lettings and property management company, and Hermes Real Estate, a recognised industry leader with both an innovative and long term approach to responsible property investment and over £6 billion of Real Estate assets under management.

The Fund vehicle was established with an initial £95 million of seed equity as of October 2014 and seeks to raise further capital and bank debt to fund investment. It invests in existing residential assets and will also forward commit to acquire new developments throughout the UK.

This proposition provides institutional investors with a real estate exposure that offers potentially compelling net yield combined with long term capital growth, as well as complementing existing real estate and credit assets. 

Moreover, it is an opportunity aiming to leverage current demographic trends and the institutionalisation of the residential lettings market.

The Fund is now seeking to acquire blocks and other developments with a minimum value of £10m, maximum value of £100m and is focused on regional centres throughout the UK. Using Countrywide’s in-house expertise, these developments can be purchased quickly and efficiently.

The Fund brings with it a strong covenant, assisting developers in meeting land acquisition hurdle rates, shortening the life of developments, enabling access to better finance and improving Return on Capital Employed.

To contact the Countrywide’s National Head of Acquisitions, Adrian Bird, please call 0203 151 7607 or contact us using the link below.

Countrywide Residential Investment is the trading name of Resi Capital Limited. Registered in England No. 08662265. Registered office: County House, Ground floor, 100 New London Road, Chelmsford, Essex, CM2 0RG.

Disclaimer: For the avoidance of doubt, Hermes Investment Management Limited is the Fund Manager of the Fund, while Countrywide acts as its property and asset manager.

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Key Facts

  • The UK’s largest lettings & property management agency

  • Investing in new developments around the UK

  • Letting and managing high quality new homes

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