Edmond de Rothschild REIM completes £320 million fundraising for UK Residential Property Fund

Edmond de Rothschild Real Estate Investment Management (REIM) has secured £85 million of new equity for its Edmond de Rothschild Residential Investment Fund UK, increasing its investment capacity to £535 million, including debt.

The new commitments at the final close of the fund increase the total equity raised to £320 million, secured from 20 European institutional investors, exceeding the initial targets of £250 million. The new equity has already been committed to a number of projects for which Edmond de Rothschild REIM is either in exclusive or advanced negotiations.

The Edmond de Rothschild Residential Investment Fund UK, which invests in the private rented sector (PRS) with a focus on need and affordability, was launched in August 2018. It is creating a diversified portfolio of purpose-built PRS assets, delivering sustainable, stable and growing distributions over the long term. Using a unique and comprehensive research-led approach, Edmond de Rothschild REIM focuses on the lower-to-mid market and has identified regional cities and locations across the UK where demand for rented accommodation is strong and set to grow and where existing stock is predominantly old, poor quality and in houses of multiple occupation.

Read the full press release at the link below