The real estate multi-manager business of UBS Asset Management has anchored a UK residential income fund managed by Matter Real Estate.
Matter said UBS had provided an initial £105 million (€121 million) to Matter UK Residential Income Fund (MUKRIF), a new vehicle that will invest in core single-family assets.
The fund has been seeded with assets from Matter portfolio company Placefirst, which will also continue as a property manager. The fund’s initial assets include over 560 single-family rental homes located in five sites in five towns, including Liverpool, Leeds and Sheffield.
Source: realassets.ipe.com on the 13th of November