Long Harbour Completes First Phase at Beaufort Park
Deal News | May 13, 2025 | Long Harbour Ltd
Long Harbour Ltd., a real estate investment management firm, has marked a significant milestone with the handover of the first build-to-rent homes within the final phase of the Draper at Beaufort Park in Colindale, North West London. This transaction is part of a forward purchase of 370 units under the 1.5 billion Long Harbour Multifamily Joint Venture 2 (LHMF 2) with partners PSP Investments and Ontario Teachers Pension Plan. The development, by St George of the Berkeley Group, is a comprehensive 25-acre regeneration project that includes residential and commercial development alongside community infrastructure improvements. The development's contribution to alleviating housing shortages amidst regulatory and cost pressures across London is underscored. The project leverages a strategic partnership with St George to meet the city's residential demands, providing rental homes to complement the housing mix in Beaufort Park.
Sectors
- Real Estate
- Investment Management
- Construction & Development
Geography
- United Kingdom – The article is focused on a real estate transaction involving properties located in London, which is in the United Kingdom.
- London – The specific geographical focus is on Colindale, North West London, where the Beaufort Park development is located.
Industry
- Real Estate – This industry involves the development, purchase, and management of commercial and residential properties. The article focuses on Long Harbour's acquisition of build-to-rent units, illustrating this sector's involvement.
- Investment Management – Long Harbour is a real estate investment management firm, handling the acquisition and management of property assets as part of their strategy.
- Construction & Development – St George, part of the Berkeley Group, is involved in constructing and developing the build-to-rent units as part of the Beaufort Park project.
Financials
- 1.5 billion – The value of the Long Harbour Multifamily Joint Venture 2 (LHMF 2) initiative, which includes the acquisition of build-to-rent units in Beaufort Park.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Long Harbour Ltd. | Acquirer/Buyer | Company | A real estate investment management firm involved in acquiring and managing operational real estate assets. |
| St George PLC | Developer | Company | Part of the Berkeley Group, responsible for developing the build-to-rent homes at Beaufort Park. |
| Way of Life | Management Platform | Company | An award-winning management platform responsible for managing the residential units. |
| PSP Investments | Investment Partner | Company | A Canadian pension investment manager partnered with Long Harbour in the LHMF 2 joint venture. |
| Ontario Teachers Pension Plan | Investment Partner | Company | A large Canadian pension plan investing alongside Long Harbour in the joint venture for build-to-rent projects. |