Viventi Capital Management to invest £100m in UK build-to-rent market

An agreement between investor Viventi and property firm FirstPort is delivering a nine-figure boost for the UK’s burgeoning build-to-rent (BTR) market.

Viventi Capital Management is bringing £100m of funding to the UK for the first tranche across a portfolio of BTR projects in key regional cities.

The cash, provided by institutional investors, will fund new-build schemes ranging from 250 to 400 residential units.

Viventi will work hand-in-hand with FirstPort “from the start of the planning process” to ensure the firm delivers “what BTR customers want”.

That’s according to FirstPort chief exec Nigel Howell, who said: “FirstPort will also be the single point of contact for the customers – from helping them secure a tenancy, to looking after their home.

“This complete model, which will see us going ‘behind the front door’ is what BTR customers want, and we are delighted to use our expertise to deliver a first-class service for them.”

Viventi Capital Management CEO Charles Flynn commented: “Our strategic partnership with FirstPort, the UK’s largest residential property manager, also provides us with the scalability and expertise to help Viventi to design, operate and maintain a portfolio of build-to-rent communities across the UK.

“Viventi BTR communities are specifically designed for operational efficiency, long term rental and a better quality of life for customers.”

He added: “All new builds will be highly efficient buildings with a reduced energy footprint and harnessing the latest developments in proptech and design.”

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