Long Harbour Advances SFH Initiative with Newhall Acquisition
Deal News | May 07, 2025 | Long Harbour Ltd
Long Harbour Ltd, a real estate investment manager, has entered into a forward funding agreement with Vistry Group to acquire 105 single family homes in Newhall, Harlow. This is the first investment made by Long Harbour's latest Single Family Housing Fund, which has recently secured a £300 million seed equity commitment from South Korea's National Pension Service. The wider Newhall Masterplan comprises 2,135 housing units and includes significant social infrastructure improvements, expected to complete handover by April 2026. Located between London and Cambridge, Newhall enjoys Enterprise Zone status and offers extensive business benefits. The deal exemplifies Long Harbour's strategy to capitalize on the demand for single-family housing in strategic UK locations, particularly appealing for young and middle-income earners. The development promises to offer required amenities that enhance community living, leveraging Harlow's established rental market conditions.
Sectors
- Real Estate Investment
- Housing Development
Geography
- United Kingdom – The investment and development activities mentioned in the article are taking place in Newhall, Harlow, within the UK.
- South Korea – The National Pension Service of South Korea is a significant investor in Long Harbour's Single Family Housing Fund, highlighting the geographical relevance.
Industry
- Real Estate Investment – The article discusses Long Harbour's investment in single family housing, highlighting their strategic moves in real estate projects.
- Housing Development – The article involves the development and planning of 105 homes, which is part of a larger masterplan, showing the relevance to the housing development industry.
Financials
- 300 million – Seed equity commitment from South Korea's National Pension Service to Long Harbour's Single Family Housing Fund.
- 1.2 billion – Total target raise for Long Harbour's Single Family Housing Fund.
- 600 million – Initial deployment target for single family housing assets by Long Harbour's Fund.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Long Harbour Ltd. | Buyer | Company | A real estate investment manager involved in acquiring single family homes as part of their Single Family Housing Fund strategy. |
| Vistry Group | Selling Company | Company | A housebuilder from whom Long Harbour has acquired 105 homes through a forward fund structure. |
| National Pension Service of South Korea | Investor | Government | Provided a 300 million seed equity commitment to Long Harbour's Single Family Housing Fund. |
| Way of Life | Management company | Company | Manages Long Harbour's multifamily assets and single family portfolio. |
| Jack Spearman | Executive | Person | Managing Director of Single Family Housing at Long Harbour. |
| Will Cazaly | Financial Advisor | Person | Investment Director at Long Harbour. |
| Verity Macey | Executive | Person | Managing Director at Vistry Central Home Counties. |