Real Estate is investing 拢67m (鈧�76m) to develop 148 build-to-rent homes in North London.
M&G Real Estate said the Montrose Crescent scheme, which is expected to be ready by 2019, will be developed by Sunbel Development.
It is the latest development financing on behalf of M&G Real Estate鈥檚 UK Residential Property Fund managed by Alex Greaves.
Greaves said: 鈥淭his is our eighth funding deal in three years to finance much-needed homes catering for a range of demographics.鈥�
The company said it recently completed the Rehearsal Rooms apartments in North Acton, the first institutionally funded build-to-rent scheme to complete in modern times.
Greaves said the company has had an 鈥渙verwhelming amount of enquiries鈥� for The Rehearsal Rooms, which is almost fully let, reflecting the call for professionally managed homes in well-connected areas across London.
鈥淭his strong demand presents long-term growth potential and considerable diversification benefits for investors.
鈥淢&G Real Estate has a substantial residential development pipeline which offers a major opportunity for institutional investors looking to capitalise on the UK residential sector.鈥�
Launched in 2013, M&G Real Estate鈥檚 UK residential property strategy has 687 built homes with another 1016 in development.
