Henderson Park, Greystar take over £141m of central London housing

UK housebuilder Barratt Homes has sold a £141m (163m) central London portfolio to a Middle-Eastern-backed investment platform and a US multifamily specialist.

The 172 residential assets was sold to Henderson Park and Greystar.

Henderson Park was set up last year with capital from investors including Kuwait Investment Authority and Wafra Investment Advisory Group, as well as New York-based Stone Point Capital.

Greystar, the biggest apartment operator in the US, has been building a global residential and student housing business.

The deal is the first in London’s private-rented sector (PRS) by Henderson Park, which was founded last year by Nick Weber.

Weber said the deal offers a “rare and sought-after opportunity” to gain access and achieve critical mass in UK PRS.

The portfolio, which will be managed by Greystar, includes 29 units in the Aldgate Place development, a joint venture with British Land in London’s Aldgate East area.

It also includes 25 units in the Fulham Riverside scheme in west London.

The forward purchase of a 118-unit tower development at Nine Elms Point, a joint development by Barratt Homes and L&Q, is also part of the portfolio.