Gatehouse UK Private Rented Fund l, which is advised and co-invested in by Gatehouse Bank, has agreed to forward fund a £10.2m BTR scheme in the West Midlands.
The investment will fund the construction of the project at Raleigh Street, Walsall, which is set to create 66 new family homes.
There will be 23 two-bedroom and 39 three-bedroom and four four-bedroom houses, to be built by Vistry Partnerships.
Colliers International acted as property advisers and Dentons as legal advisers on the transaction.
This will form part of the second BTR fund advised by Gatehouse Bank which, since it was formed in 2015, has spent circa £90m on the construction of 684 single family houses across the UK.
Once completed, the fund will comprise a