Moorfield Group has reached a first close for its fifth value-add fund, securing £270m to invest in beds, sheds and healthcare assets.
Moorfield Real Estate Fund V raised the capital from investors in Europe, Japan and the US. With gearing, the fund will have £650m to spend in the build-to-rent, student accommodation, healthcare, logistics and self-storage sectors in London and regional cities.
Chief executive Marc Gilbard said: “Demographic shifts, environmental needs, technological progression and changing customer expectations are all trends disrupting existing real estate and leading to the emergence of new opportunities to create real estate that is fit for purpose.”
