Global investment firm KKR has teamed up with UK real estate lender Puma Property Finance to launch a joint venture targeting up to £500 million in senior development and stabilisation loans to fund best-in-class residential, build-to-rent and student accommodation schemes.
The joint venture combines Puma’s established origination platform and track record in UK real estate lending with KKR’s scale, institutional structuring capabilities and global credit expertise. The platform will be supported by a senior credit facility provided by a major international bank.
The three-year forward-flow partnership will target loans between £20 million and £75 million in the UK living sector, including build-to-rent, build-to-sell and purpose-built student accommodation.
Puma’s specialist development lending team will be responsible for sourcing, underwriting and managing the loans on behalf of the joint venture, working alongside KKR’s global credit platform, which will provide institutional capital, structuring expertise and investment committee oversight.
Source: realassets.ipe.com on the 9th March 2026