UK real estate investor Long Harbour has secured a £100m (€117m) equity commitment from the National Housing Bank for its single-family housing fund.
The latest capital injection from the Homes England subsidiary takes the total equity secured by the Long Harbour Single Family Housing Fund (LHSFF) to £400m, following an initial £300m commitment from South Korea’s National Pension Service in January last year.
LHSFF provides new-build family homes to rent across the UK, with a focus on the South and South East of England. To date, the fund has committed around £200m to deliver almost 500 homes alongside developers, and has an additional £500m of identified opportunities in its pipeline, Long Harbour said.
Jack Spearman, managing director for single-family housing at Long Harbour, said: “We are proud to have secured investment from the National Housing Bank into our latest single-family fund. As one of the National Housing Bank’s first equity investment partners, we are working together to accelerate the delivery of much-needed new homes across the country.
“We have made strong progress deploying capital across a growing portfolio, and with a robust pipeline of further acquisitions we are well positioned to scale at pace. Our tailored operational platform for single-family homes, combined with the customer experience delivered by Way of Life, ensures we can meet the needs of modern renters while driving long-term value.”
The National Housing Bank, a Homes England company, provides finance for the housing sector. Over the next decade, the organisation plans to invest up to £16bn via debt, equity and guarantee products.
Simon Century, CEO of National Housing Bank, said: “Our £100m investment demonstrates how the National Housing Bank is using its long‑term, flexible capital to unlock high‑quality private sector investment and accelerate the delivery of new homes.
“As another early equity investment for the bank, this investment reflects our focus, supporting professionally managed rental housing and increasing housing supply in areas that need it most. By investing on a matched funding basis, we are helping to crowd in international capital while ensuring more families can access well‑designed, well‑connected homes.”
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