Date of Investment
Total roll-out GDV
UK-based developer of built-to-rent family housing in the North of the UK.
ESO’s original investment has increased to support Placefirst’s ambitious and accelerating growth plans.
ESO’s funding facilitated the development of Placefirst’s lettings management and in-house construction capabilities giving the developer true operational scale. The partnership between ESO and Placefirst will deliver an aggregate portfolio of institutional scale in this asset class, through a structure that provides long term asset ownership to management and closely aligns incentives.
With a strong team and ambitious plans, so it was crucial for Placefirst to have a committed partner to support us and ESO Real Estate is just that. They have delivered considerable value through their sector expertise and helped us develop our operational capabilities. In addition, with a committed capital facility, we have been able to focus on executing our business plan, achieving tremendous growth in our pipeline and delivering more homes.
Nichola Halverson. Finance Director of Placefirst
Deal Lead: David Christie