'Single family housing is a long‑term opportunity': CBRE Investment Management joins forces with Moda Living
A residential fund has been established to meet the demand for single family housing across the UK.
Harrogate-based Moda Living has joined forces with CBRE Investment Management to launch a new Single Family Housing Fund with an initial £400m of available capital.
A spokesman said the partners are looking at a number of markets including Yorkshire.
The spokesman added: “CBRE UK Single Family Housing Partners has been established to address growing demand from residents and institutional investors for professionally managed attainable single family housing across the UK.
"The strategy targets the delivery of purpose-built homes at scale, responding to the chronic undersupply of quality rental homes in key markets including Yorkshire.”
"Central to the strategy is an exclusive partnership with Yorkshire-based Moda Living, which will co-invest in the platform.”
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.
“CBRE UK Single Family Housing Partners 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.”
Johnny Caddick, CEO of Moda Living, added: “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.”
The spokesman said CBRE UK Single Family Housing Partners will benefit from Moda and the wider Caddick Group’s track record in delivering large-scale residential communities across the North of England. This includes Moda neighbourhoods such as New York Square in Leeds, which is part of Caddick’s wider SOYO regeneration in the city centre, as well as a single family community in Doncaster’s Westmore Grange.