Patron Capital, the pan-European institutional investor focused on property-backed investments, has completed a transaction to acquire 706 residential properties from Home REIT for £123m.
As a long-term investor in the residential sector, Patron will aim to improve the acquired portfolio with a strategically planned capital expenditure programme deploying its asset management expertise to upgrade the portfolio of homes that are located across the UK.
Patron has significant experience in delivering quality housing for communities and vulnerable people. Since it was founded in 2020, its Women in Safe Homes Fund, the world’s first gender-lens property fund focusing on providing homes for victims of domestic abuse, has purchased 122 properties and helped over 500 vulnerable women and children.
Media Enquiries to:
Polly Warrack/James Carnegie t: +44 (0)7827 486224
SEC Newgate e: patron@secnewgate.co.uk
Notes to Editors
About Patron Capital Partners
Patron represents approximately €5.2 billion of capital raised across several funds and related co-investments, investing in property, corporate operating entities whose value is primarily supported by property assets and distressed debt and credit related businesses.
Since it was established in 1999, Patron has undertaken more than 200 transactions across 117 investments and programs involving over 9 million square metres in 17 countries, with many of these investments realised.
Investors represent a variety of sovereign wealth funds, prominent universities, major institutions, private foundations, and high net worth individuals located throughout North America, Europe, Asia and the Middle East. The main investment adviser to the Funds is Patron Capital Advisers LLP, which is based in London, and Patron has other offices across Europe including Barcelona and Luxembourg; the group is comprised of 66 people, including a 42-person investment team.
Further information about Patron Capital is available at www.patroncapital.com
