Apache Capital targets £600m for its second UK BTR venture
Apache Capital is targeting North American investors for its second build-to-rent (BTR) vehicle, which it hopes to raise £600m for.
Apache chief executive and co-founder John Dunkerley said North American investors saw a huge opportunity in the UK BTR market, which is relatively immature compared with the market in the US, where BTR schemes have been around for decades.
“There is also very little ‘off-the-shelf’ product at the moment that they [US investors] can buy as a way in,” he said. “There are few genuinely purpose-built schemes open and even less of what they call class-A multi-family – amenity-rich and service-driven [schemes].” …