Moda Living and CBRE IM complete first acquisition for UK single family housing platform

Moda Living and CBRE Investment Management ("CBRE IM") have completed the first acquisition for their UK single family housing platform, with the purchase of a 222-home portfolio from UK housebuilder Bellway.

The transaction marks the first investment for CBRE UK Single Family Housing Partners ("SFHP"), the new platform launched by CBRE IM and Moda earlier this year. Focused on delivering and operating high-quality, professionally managed family rental homes across structurally undersupplied UK markets, the platform combines CBRE IM's residential investment expertise with Moda's integrated development and operational capabilities to scale institutional single family housing across the UK.

The portfolio comprises a mix of completed homes and forward-funded development across three sites in established residential markets: Stevenage, Milton Keynes and Burgess Hill. All homes are expected to be delivered by the end of 2027.

The sites all have excellent access to high quality transport links, proximity to major employment centres, schooling and attractive local amenities. The developments will deliver predominantly two- and three-bedroom homes, with a layout and specifications aligned to the needs of family renters and long-term occupiers.

Homes within the portfolio will be operated by CBRE IM's partner, Moda Living.

Tom James, Head of UK Transactions at CBRE Investment Management, said: "This is an exciting addition to our residential platform and a great first step in growing our single family housing fund, delivering high-quality houses on attractive sites in locations where demand for best-in-class, professionally managed rental housing continues to outstrip supply.

Working alongside Moda Living, we are building a platform designed to deliver at scale, both in terms of operational execution and investor outcomes, focused on homes that meet the evolving needs of renters and generate sustainable income over time."

Johnny Caddick, CEO of Moda Living, commented: "These first acquisitions are an important milestone for the platform and reflect the progress we've made since launching the partnership earlier this year.

"Demand for professionally managed rental homes continues to outstrip supply and, with the backing of committed, long-term capital and Moda's integrated development and operational platform, we're well placed to help address that challenge. We're looking forward to building on this strong start as we continue to grow the platform by utilising Moda's delivery and operational capabilities – together with the wider Caddick Group land pipeline – to deliver more high-quality homes across the UK."

Ian Gorst, Regional Chair, Bellway Homes, said: "We are delighted to have completed this portfolio transaction with CBRE IM and Moda as they launch their new UK Single Family BTR Fund. Their investment in Whitehouse Gardens, Milton Keynes, Forster Park, Stevenage, and Fallow Wood View, Burgess Hill demonstrates confidence in the strength of these outstanding new communities. We are proud they have chosen Bellway as their delivery partner, recognising our proven HBF 5-Star homebuilder track record for quality and customer satisfaction. We wish CBRE IM and Moda every success with this exciting new venture and look forward to building on our relationship in the years ahead."

The acquisition follows the recent launch of CBRE UK Single Family Housing Partners, a dedicated single family housing strategy established by CBRE IM in partnership with Moda Living, part of Caddick Group. Backed by an initial £400 million available capital and supported by core, long-term investor capital, the strategy has a clear ambition to grow to £2 billion in value over time. The platform is designed to address the growing demand for high-quality rental homes while providing investors with access to one of the UK's most compelling residential sectors.

TT&G Partners and CBRE advised CBRE IM, and Savills advised Bellway.