Corporate overview

Long Harbour is an established, fast-growing investment manager with a focus on core, core plus and value add opportunities in the UK and Europe.

Majority owned by management, Long Harbour was established in 2009 and has a proven track record of AUM growth across its three investment programmes: long leases, urban regeneration and multifamily.

The group now employs over 150 staff in our London headquarters and has staff in associated offices in Europe.

Our approach to asset management is to make a positive impact in the communities in which we operate, whilst delivering long-term value to our investors through platform based, thematic strategies. The company currently has over £2bn of assets under management.

Our investment strategy is to identify investment themes that are either backed by strong macro trends or where we believe there are market pricing dislocations where we can create value arbitrage.

The firm employs a systematic and research-led approach to identifying key opportunities and trends which complements the deep knowledge of the highly experienced Long Harbour management team.

Please visit www.longharbour.co.uk for more information.

Sector forecasts

The ongoing, long-term urbanisation trend will see technology and cityfocused demographics and economics continue to transform real estate sectors and markets. Investors should therefore continue to focus on needsbased social infrastructure and regeneration projects, where there is a supply and demand mis-match.

These strategic locations tend to be in ‘mid-market’ locations, with favourable transport connections and where there is a consistent need for well-designed, affordable and professionally managed buildings.

Often, there is a concentration of local authorities as strategic holders of land. Urban regeneration, including social housing, is reliant on investors working with local authorities to build in private sector funding whilst leaving ownership and property assets in their hands.

Investment principles & strategy

Our investment approach has three key pillars: 

Funds are allocated following a vigorous examination of key investment fundamentals to measure opportunities in real estate markets against a wide range of city criteria including factors such as population, economy, infrastructure and employment. Adopting a strong research-led approach enables us to be strategic and create accurate return/risk profiles on a project by project basis. 

The management of our assets is brought in-house to deliver better customer service and maximise the value and performance of the buildings and investments. For example, our PRS property management arm, Way of Life, manages great buildings in prime city locations, providing the best rental experience available in the market. 

Identifying favourable social and economic characteristics helps us to be confident that funding is underwritten based on solid market data. This is supported by stringent risk control measures in the execution of asset development and management, working within the limits set by each investor and at the appropriate level for each product. 

Strategic corporate development

In 2019, Long Harbour successfully raised £500m for its third build to rent venture and looks to deploy in excess of £1bn over the next 10 years, having already delivered over 2,000 units into the sector.

Way of Life, Long Harbour’s bespoke property management company, dedicated to the build to rent portfolio, continues to provide a best in class rental experience; offering exclusive customer service, creating vibrant communities in city centres and delivering superior returns for its investors.

Long Harbour has just launched its first European Ground Rent Fund which builds on its existing UK portfolio of over £1.7bn.The European operations will be undertaken by Long Harbour’s UK residential freehold management business, HomeGround.

Long Harbour’s urban regeneration programme, Real Estate Partners, continues to expand with a fundraise of £300m expected in Q1 2020, adding to its existing investments, which currently have an expected GDV of over £1.5bn. 

COMPLIANCE STATEMENT

Long Harbour Ltd was authorised by the Financial Conduct Authority in 2013 to act as a full-scope alternative investment fund manager. We manage several real estate funds where the investment strategy is focused on providing investors with opportunities that offer attractive, risk adjusted, long-term, and highly diversified income returns.

In line with the current UK and EEA regulatory requirements, domestic and overseas investors can pass day-to-day portfolio and risk management of their investment to us and seek comfort that funds are held in compliant structures subject to robust ongoing monitoring.

All Alternative Investment Funds managed by Long Harbour have an independent depository appointed to administer, monitor cash flow and ensure the safe-keeping of the underlying assets.