GREYKITE European Real Estate Fund I (the “Fund”) and Gatehouse Living Group, on behalf of their recently launched £750 million Joint Venture (“JV”), have acquired two off-market portfolios of purpose-built single-family rental (SFR) homes from leading housebuilders Keepmoat and Barratt Redrow Plc, taking the portfolio to over 1,000 homes across 26 sites since the launch of the joint venture in November 2024. Simultaneously, GREYKITE has launched “Uniqhomes” as its UK SFR platform brand, which will be adopted by the JV across its portfolio.
Consistent with the strategy across the wider Uniqhomes portfolio, the newly acquired properties are located on established suburban housing sites, in locations with supportive demographic fundamentals and strong transport links and local amenities. The six-site portfolio from Keepmoat totals more than 250 homes across Yorkshire, and the three-site portfolio from Barratt Redrow Plc totals more than 130 homes in Lancashire and Shropshire. As with previous acquisitions, all homes will have an EPC rating of ‘B’ or higher and will be managed by Ascend, the UK’s largest manager of SFR housing.
Of the 1,000 plus SFR homes in the portfolio, Uniqhomes has taken possession of more than 200 with a further 700 homes anticipated for delivery by the end of 2025. Furthermore, the JV has secured committed senior financing from NatWest for its entire 26-site portfolio.
In anticipation of entering the income production and stabilisation phase, the JV has successfully converted its asset holding structure into a non-traded UK REIT, to be chaired by GREYKITE Senior Partner Dan Valenzano.
Source: sent via press release on the 10 June 2025