Long Harbour to Forward Fund 105 Homes in Newhall
Deal News | May 07, 2025 | Long Harbour Ltd
Long Harbour, a real estate investment leader, has secured a forward fund deal to finance 105 single-family homes in Newhall, Harlow, from housebuilder Vistry Group. This acquisition is a part of the greater Newhall Masterplan, which encompasses 2,135 units and is scheduled for first handover in April 2026. The deal contributes to Long Harbour's Single Family Housing (SFH) fund, which has recently obtained a £300 million investment from South Korea's National Pension Service, aiming for a total fund raise of £1.2 billion. This initial investment marks the beginning of Long Harbour's deployment intentions in the SFH sector, focusing predominantly in the South and South East of England. The strategic location of Harlow, benefitting from Enterprise Zone status, makes it a prime choice for Long Harbour's investment, with demand for affordable rental housing at its peak. The investment is designed to address this demand while supporting new community development through improved social infrastructure and advantageous geographical positioning.
Sectors
- Real Estate Investment
- Residential Property Development
- Private Equity
Geography
- United Kingdom – The investment activities are situated in the UK, targeting areas like Newhall, Harlow, with a focus on the South and South East of England.
- South Korea – South Korea's National Pension Service is a significant investor in Long Harbour's fund, providing substantial seed equity.
Industry
- Real Estate Investment – The article discusses Long Harbour's real estate investment activities, specifically in single-family housing through their SFH fund.
- Residential Property Development – The forward funding structure detailed in the article is directly related to the development of residential properties by Vistry Group.
- Private Equity – Long Harbour operates as a private equity participant focusing on real estate, supported by significant funding commitments from South Korea's National Pension Service.
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.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Long Harbour Ltd. | Buyer/Investor | Company | A real estate investment manager involved in the acquisition of 105 homes for its single-family housing fund. |
| Vistry Group | Selling Company | Company | A housebuilder selling 105 homes to Long Harbour within the Newhall development. |
| National Pension Service (NPS) of South Korea | Investor | Company | Provided a £300 million seed equity commitment to Long Harbour's SFH fund. |
| Way of Life | Property Management | Company | Manages Long Harbour's multifamily and single-family rental portfolios. |