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PE Henley launches its first real estate fund

10 August 17 - RE+D Magazine
PE Henley launches its first real estate fund

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Antulio Richetta

Director IBI Group
Private equity real estate firm Henley has launched its first fund and is seeking to invest £400million (€443m) in the UK’s supported-housing sector.

 

The fund aims to deliver consistent income returns of more than 5% over a 25-year life by focusing on the “underserved” supported-housing sector, according to realestate.ipe.com.

It will provide long-term homes for vulnerable adults, acquiring assets on long-term leases to HCA registered providers with assured shorthand tenancies (ASTs) in place.

Henley is seeking to raise £400million within the next six months and has made its first investment, the purchase of a portfolio of supported-living properties, for close to £70million.

The investment gives the fund a freehold interest in 49 properties across the UK, all let on long-term, inflation-linked leases to HCA-backed registered providers.

The properties, which were sourced off-market by Henley, are already generating income. Over the past four years, the company made £250m worth of transactions through its healthcare platform.

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