Moorfield Group, a UK specialist real estate fund manager, has secured commitments totalling cGBP270 million in a first close of its fifth value add Fund, Moorfield Real Estate Fund V (MREFV).
The capital has been raised from investors based in Europe, Japan and the US. With appropriate gearing, the fund will have initial investable capital of cGBP650 million.
The Fund will employ a value-add risk/return approach, seeking both capital growth and inflation-linked income returns, targeting supply/demand imbalances in the residential-for-rent, student accommodation, healthcare, logistics and self-storage sectors. The fund will be operated in line with Moorfield’s 2030 Net Zero Carbon commitment.