Specialist development finance provider Maslow Capital and asset manager Investments are teaming up to lend to UK real estate developers.
The strategy will be to focus on purpose-built student accommodation, build-to-rent private housing, co-living, retirement living and aparthotel developments.
William Nicoll, CIO for private and alternative assets at M&G, said: 鈥淎ccess to institutional capital is essential for small and medium-sized businesses to develop much-needed housing in the UK.
鈥淢aslow Capital has a strong track record of working with developers and this agreement should allow our pension fund and institutional clients to benefit from their expertise by way of attractive returns.鈥�
Maslow Capital has for several years been providing development finance to real estate developers in partnership with Sixth Street.
Marc Rose, chairman and co-founder of Maslow Capital, said: 鈥淭his transaction is a significant milestone on the Maslow journey and adds further depth to our funding capabilities.
鈥淭he addition of M&G as a partner will complement our existing relationship with Sixth Street which is about to enter its sixth year.鈥�
Ellis Sher, CEO and co-founder of Maslow Capital, added: 鈥淲e are committed to supporting UK real estate developers through the cycles, and managing long-dated capital for M&G and Sixth Street allows us to be the kind of patient, flexible and supportive lender that borrowers need.鈥�
