Moorfield eyes beds and sheds

11 February 2017 – by David Hatcher

Moorfield Group is to launch a fourth UK property fund with a fundraising target of £350m.

Money

With gearing of 55-65% it will likely have total firepower of around £900m. The fund manager is aiming to complete a first close of the eight-year fund before the end of 2017 and target value add/opportunistic returns of 15-20%. It will look to raise funds from the US, Europe, Japan, South Korea, Malaysia, Singapore and Hong Kong.

Moorfield Real Estate Fund IV will have a “beds and sheds” focus targeting student accommodation, build-to-rent and last-mile logistics. Over a three-year investment period it will also look to acquire and develop major infrastructure assets and undertake mixed-use developments where the variety of uses drives footfall.

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