UK housebuilder Barratt Homes has sold a 拢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 .
Henderson Park was with capital from investors including Kuwait Investment Authority and Wafra Investment Advisory Group, as well as New York-based Stone Point Capital.
, the biggest apartment operator in the US, has been building a global residential and student housing business.
The deal is the first in London鈥檚 private-rented sector (PRS) by Henderson Park, which was founded last year by Nick Weber.
Weber said the deal offers a 鈥渞are and sought-after opportunity鈥� 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鈥檚 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.
