Long Harbour Boosts SFH With £67M Finance: The London Deal Sheet
The Deal Sheet is a weekly compilation of Greater London and beyond's biggest leases, sales, financing deals, construction updates and personnel moves. Have news you’d like to submit? Email mark.faithfull@bisnow.com.
Long Harbour has secured a new debt facility with Barclays to support the expansion of its Single Family Housing Fund. The facility is flexible and scalable and allows Long Harbour to fund development costs for its current and pipeline schemes on a pari passu basis.
Barclays’ initial commitments total circa £67M to cover the first two completed transactions.
Long Harbour secured a £300M seed equity commitment from South Korea’s National Pension Scheme. The fund has a target size of £1.2B over the next 18 months, with a strategy to acquire new-build family homes across the UK, focusing on the south and south east of England.
The fund has committed to more than £180M of acquisitions to date and has identified a further £100M of opportunities, having already funded over 450 homes since inception.
DEALS
KF Property Holdings has completed more than £60M of transactions across its London portfolio over the past quarter, recycling capital into higher-quality stock in prime central locations, the company said.
The activity includes the acquisition of 4-12 New Cavendish Street in Marylebone, a mixed-use retail and residential building, alongside the disposal of a number of prime central London residential assets.
The period building comprises four ground-floor retail units including Missoma and Le Creuset, with six refurbished three-bedroom residential apartments above.
Alongside the acquisition, KF Property Holdings sold its Park Portfolio to Leufroy in a combined £28M transaction. In addition, Inverness Terrace was sold separately for £6.25M.
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M7 Real Estate has acquired six industrial and logistics units in Hayes. In 2025, M7 acquired over €600M of urban and mid-box industrial and logistics assets, the company said.
Located on an 8.8-acre site on Swallowfield Way in Hayes close to Heathrow Airport, the asset comprises circa 175K SF across the six units. The site is anchored by a self-contained 68K SF warehouse, occupied by CPI TMD Technologies on a long-term lease running to 2045.
The remaining 107K SF of space comprises a part-refurbished, multi-let industrial estate with two of the recently vacated units re-let.
This acquisition has been undertaken on behalf of the European Supply Chain Income Partnership, an investment vehicle backed in a joint venture by M7 owner Oxford Properties and AustralianSuper.
FINANCE
CBRE has advised UK-based multistrategy real estate investment firm Mansford on the refinancing of its £600M Student Cribs business, the UK’s largest-scaled student HMO platform. The portfolio comprises 5,271 beds across 1,220 assets, located in 25 UK student cities and towns.
The loan will refinance the existing debt secured against the majority of Student Cribs’ portfolio, valued at £600M. Since acquiring Student Cribs in 2016, Mansford has added 3,915 beds, and it is preparing to launch an additional Student Cribs investment vehicle in 2026.
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Orka Investments has announced a joint venture with an unnamed top five global real estate investor to acquire a portfolio of purpose-built student accommodation assets across the UK.
The joint venture was launched via three off-market acquisitions in December 2025, supported by a facility from Investec, creating an initial portfolio of 1,300 beds with 90% of income from Russell Group university locations.
The JV intends to scale the portfolio with further acquisitions targeting standing PBSA assets in Russell Group university cities where value can be added, the companies said.
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M&G has announced its ambition to “supercharge the impact of institutional capital” by investing over £1B into the UK economy over the next three to five years to support new affordable homes, regeneration projects, infrastructure and innovative companies.
Through the launch of two funds, M&G will direct capital from its life business, the British Business Bank and Local Government Pension Scheme and Scottish Borders Council Pension Fund.
M&G has over £100B invested in the UK economy and aims to attract further investment from LGPS and international investors into the forthcoming M&G UK Social Investment Fund, alongside other long-term investors including defined contribution pension schemes, endowments and charitable foundations.
It is set to launch with a £130M commitment from Scottish Borders Council Pension Fund and M&G’s With Profits Fund.
DEVELOPMENT
H.I.G. Capital has announced a partnership with the Barts Health NHS Trust to deliver the first applied healthcare innovation building within the newly launched Barts Life Sciences Cluster at Cavell Street, Whitechapel.
The 170K SF Cavell Street development will serve as a landmark project within the cluster, marking the start of a new era for health innovation in east London, the partnership said.
The development aims to create a state-of-the-art environment for applied healthcare innovation.
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Zenzic Capital and Jensco Group have formed a joint venture to invest in purpose-built single-family homes across the UK and have forward-funded an initial 125 homes by housebuilder Vistry.
The platform has been seeded with an initial £31M investment to support the delivery of new homes at Vistry’s Great Haddon scheme in Peterborough. The portfolio will primarily comprise two- and three-bedroom homes, with construction expected to commence later this year.
The joint venture aims to grow to a portfolio of approximately 1,000 homes and represents the first investment made on behalf of Zenzic Real Estate Credit Opportunities Fund, which was launched in October last year.
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The City of London’s first coliving development, Cornerstone, is moving forward with JJ Rhatigan having been appointed as main contractor. Equity for the project has been provided by Bridges Fund Management, via Bridges Property Alternatives Fund V, alongside development partner HUB.
Located at 45 Beech Street on the edge of the Barbican Estate, the scheme will convert and extend a 1950s office building into 174 coliving homes designed by architect Allford Hall Monaghan Morris.
In addition to 49K SF of living space, Cornerstone will offer 8K SF of shared amenities including coworking spaces, a gym, a café, a laundry, communal lounges and a roof terrace.
Strip-out of the existing building is complete and enabling works are underway. Construction is expected to start following Gateway 2 approval, with practical completion targeted for 2028.
To support this next phase of delivery, Firma Partners has provided a £78M development loan for the project.
LEASING
Quadrant has signed two deals totalling almost 45K SF at Osmo, Quadrant and AIMCo’s 167K SF new office building in Battersea. Business communications firm O2 Daisy is consolidating its London based offices at Osmo, while flexible workspace company Industrious is opening a new two-floor workspace.
O2 Daisy, formed earlier this year through a joint venture between Virgin Media O2 Business and Daisy Group, has signed to occupy Osmo's complete 15K SF 11th floor on a 10-year lease.
Industrious’ new flexible workspace will occupy 29K SF on the first and second floors of the building, marking the operator’s 10th location in the UK, its seventh in London.
PLANNING
Royal London Asset Management Property has submitted a hybrid planning application to Enfield Council for the redevelopment of Southbury Leisure Park, Enfield.
The application, which is being brought forward in partnership with Neat Developments, seeks part-detailed and part-outline planning permission to redevelop the brownfield site into a residential-led, mixed-use neighbourhood. The plans would deliver up to 1,150 new homes, public open spaces, community and commercial facilities.
The detailed part of the application includes 489 build-to-rent homes, a new linear park, public realm improvements and circa 11.8K SF of flexible community and commercial space.
