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UK: GREYKITE’s European Real Estate Fund I has formed a strategic partnership with BGO Strategic Capital Partners to recapitalise Uniqhomes, GREYKITE’s UK single-family rental (SFR) platform.
GREYKITE retains majority ownership, alongside asset manager Alvesta Investment Management.
Since launching in 2024, Uniqhomes has acquired 26 SFR sites across the UK, providing more than 1,000 purpose-built rental homes in locations including Yorkshire, the Midlands, the north and the west of England. This growth has been driven by GREYKITE’s off-market sourcing and the aggregation of its portfolio, as well as favourable supply and demand in the UK’s housing market. In addition, Uniqhomes has achieved high occupancy rate with strong retention rates across the portfolio.
GREYKITE European Real Estate Fund I is GREYKITE’s inaugural discretionary real estate fund. It currently has $4 billion of assets under management.
BGO SCP has taken a minority stake through its secondaries programme, which provides structured solutions to specialist managers in its target markets globally.
Cherine Aboulzelof, managing partner and co-head of BGO SCP, said: “Uniqhomes is a scaled, high-quality UK single-family rental platform with strong in-place rental performance and high occupancy, in a structurally undersupplied market. We are delighted to partner with GREYKITE, who have led the sourcing and aggregation of the portfolio, and we look forward to supporting the next phase of the platform’s growth together.”
Michael Abel, founder, CEO and CIO of GREYKITE, said: “We are excited to have partnered with BGO SCP to drive the next phase of Uniqhomes’ progress. This partnership is consistent with our strategic focus on building market-leading platforms in thematic sectors, and is a reflection of our collective conviction in the opportunity ahead as we continue executing Uniqhomes’ growth strategy.”
Highlights:
- GREYKITE European Real Estate Fund I has formed a strategic partnership with BGO Strategic Capital Partners (BGO SCP) to recapitalise Uniqhomes, its UK single-family rental (SFR) platform
- GREYKITE will retain majority ownership of Uniqhomes alongside asset manager Alvesta Investment Management
- Launched in 2024, Uniqhomes has acquired 26 SFR sites across the UK, comprising more than 1,000 purpose-built rental homes in Yorkshire, the Midlands, northern England and western England
- The platform has reported high occupancy and strong tenant retention, supported by GREYKITE’s off-market sourcing strategy and the aggregation of its portfolio
- BGO SCP is investing through its secondaries programme, providing a strategic partnership to support Uniqhomes’ next phase of growth in the UK’s structurally undersupplied rental housing market
