MGT Investment Management featured in Estates Gazette today as it announced its plans to invest equity of £100m in rental accommodation across Southern England.
The investment manager will focus on areas with robust technology centres, combined with a highly-skilled demographic, including tech workers renting in their 30s and 40s. It will look to acquire medium-sized schemes of between 150 and 300 units from housebuilders, developers and landowners in suburban locations.
Commenting on the strategy, MGT managing director and founding member Henry Morris said, ‘’I think this is totally unprovided for in the BTR space. Instead of just small apartments, we will look to include maisonettes and townhouses with green surrounding areas.”
MGT was formed by co-founder of Europa Capital Charles Graham in 2017 alongside his former Europa colleagues Morris and Callum Thorneycroft. In June 2018 MGT formed a joint venture with US property developer Lincoln Property Company to develop large-scale PRS and mixed-use developments, starting with the £750m Station Hill scheme in Reading.
Read the full Estates Gazette Article here.