Real asset manager CBRE Investment Management and Moda Living have launched a UK single-family housing strategy with an initial £400m (€460m) capital allocation.
The partnership will focus on the development and operation of single-family housing, with plans to scale the portfolio to £2bn in value over time.
Growth will be driven by third-party acquisitions alongside exclusive access to a residential land bank of over 25,000 plots controlled by Moda’s parent company, Caddick Group.
Johnny Caddick, CEO of Moda Living, said: “This partnership marks an important step in scaling the delivery of institutional-grade single family housing across the UK. By investing alongside CBRE IM and aligning with patient, core capital, we can take a long-term approach to delivery, bringing forward a significant pipeline of well-designed homes at scale into an underserved market with proven fundamentals.
“This will allow us to maintain a focus on quality and consistency, creating places designed for long-term living while supporting stable, sustainable performance for investors.”
Andrew Davey, head of UK residential strategies at CBRE Investment Management, said: “Single family housing represents a compelling long‑term opportunity, supported by strong demand fundamentals and a chronic undersupply of high‑quality rental homes.
“This strategy is the result of significant engagement with our investment partners. It combines our institutional investment and asset management expertise with Moda Living’s established development and operational platform to deliver high‑quality, professionally managed homes at scale. We believe our approach will deliver a truly differentiated approach for both our investors and residents.”
The strategy builds on CBRE IM’s UK affordable housing platform, which currently holds over 3,000 homes with a net asset value of roughly £700m. Alongside two other domestic residential strategies, the firm is also developing a €1bn-plus Dutch residential portfolio for the pension fund ABP.
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