CA Ventures enters UK BTR market

Michael Lloyd

January 21, 2020

Real estate investment company CA Ventures has entered the Build to Rent (BTR) sector in the UK.

Tim Phillips has been appointed as head of residential Europe.

Based in London, Phillips will be responsible for the development of BTR and private rented sector (PRS) assets across the UK.

Phillips has over 14 years’ experience in the real estate industry, most recently as a director at Lothbury Investment Management.

CA Ventures said it will initially invest in the development of £200m in BTR and PRS assets in Europe per annum, ramping up to £380m by 2025.

Carlo Matta, head of Europe at CA Ventures, said: “Tim’s appointment comes as the residential housing market across Europe continues to evolve.

“We are seeing a shift from ownership to renting and we expect this trend to continue over the coming years, especially as there is growing demand for more flexible living arrangements

“We believe there is enormous potential in a sector that is seeing record levels of year-on-year investment and, with over a decade in the industry, I’m fully confident Tim will successfully lead the CA Ventures team’s expansion into the sector.”

Phillips added: “CA Ventures is looking to build on its successful launch in Europe by diversifying across asset classes and sees great opportunities in the Build to Rent sector.

“By developing long-term focused assets of the highest quality, with the best locations and professionally managed, I firmly believe that CA Ventures can deliver institutional grade returns for investors.

“I am delighted to be supporting its vision for the sector in Europe.”

The move follows CA Ventures’ launch into the European PBSA market, where the company is currently executing £500m of development.

This includes three developments under construction in Edinburgh, Glasgow and Sheffield.

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