Specialist real estate lender Maslow Capital has teamed up with M&G Investments to provide loans to property developers in the UK.
Under the partnership, M&G funds will use Maslow’s specialist construction underwriting capabilities and UK relationships to invest in loans managed by its platform. The strategy will focus on delivery of residential purpose-built student accommodation, build-to-rent, the private residential sector, co-living, retirement living and aparthotels.
William Nicoll, CIO of private and alternative assets at M&G, said: “Access to institutional capital is essential for small and medium-sized businesses to develop much-needed housing in the UK. Maslow Capital has a strong track record of working with developers and this agreement should allow our pension fund and institutional clients to benefit from their expertise by way of attractive returns.”
The deal adds to an existing arrangement between Maslow and Sixth Street, now in its sixth year, and will enable Maslow to add to its investment firepower to build housing across the UK.
Maslow was founded in 2009 and since inception has originated, managed and financed more than £3 billion ($4 billion; €3.34 billion) of developments delivering 11,750 residential units.