An agreement between Viventi Capital Management and FirstPort is set to have a major impact on the country’s emerging Build to Rent (BTR) market, with Viventi bringing £100m of investment to the UK.
The funding from institutional investors will provide the first tranche across a portfolio of projects, based in key regional cities around the UK, ranging between 250 to 400 BTR new build units.
Viventi, founded by American Charles Flynn, brings expertise from the US, where BTR is well-established. They will work hand-in-hand with FirstPort - the largest UK residential property manager - to deliver a successful UK model that covers all aspects of developing and delivering the very best customer experience for BTR customers.
“Working with Viventi from the start of the planning process ensures we deliver what BTR customers want. 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,” said Nigel Howell, Chief Executive, FirstPort Limited.
“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,” said Charles Flynn, CEO, Viventi Capital Management.
Viventi BTR communities are specifically designed for operational efficiency, long term rental and a better quality of life for customers. All new builds will be highly efficient buildings with a reduced energy footprint and harnessing the latest developments in proptech and design.