National Housing Bank invests up to £70 million in Fiera Real Estate and Packaged Living’s Single-Family Housing Fund to accelerate housing delivery and unlock institutional investment
National Housing Bank, a Homes England company, has committed up to £70 million to the Fiera Real Estate Single Family Housing (FRESH) fund, a new open-ended fund targeting a portfolio in excess of £1 billion of professionally managed family rental homes.
Backed by the Bank’s £51 million cornerstone investment and capital from private institutional partners, FRESH has now reached £200 million of investment capacity. This includes a further £19 million commitment from the Bank, which will become available as the fund scales, supporting early platform growth and attracting additional institutional investment into the residential sector.
FRESH, established by Fiera Real Estate UK Limited and Packaged Living Limited, Fiera Real Estate’s rental living platform, will invest through forward-funding and forward-commitment agreements with developers and housebuilders.
The investment reflects the National Housing Bank’s role in supporting housing sectors with the potential to increase supply and unlock significant private investment.