Mishcon de Reya has advised Goldman Sachs on a £500 million senior debt facility provided to support a growing UK single family housing joint venture between Kennedy Wilson and Canada Pension Plan Investment Board.
The five-year facility was agreed following an open-market process and will be used to finance the joint venture’s existing portfolio and development pipeline of newly built, energy-efficient rental homes across the UK. Since launching in late 2024, the platform has committed to approximately 1,600 homes across multiple regional locations, with a stated ambition to scale to around 4,500 units.
The transaction reflects continued institutional appetite for UK single family housing, underpinned by long-term demographic demand and the sector’s growing appeal to global lenders.
Kathryn Hodgson, Partner at Mishcon de Reya, said: “Single family housing continues to attract strong interest from global lenders seeking long-term, stable investment opportunities. Transactions such as this reflect the increasing sophistication of the sector and align closely with our Market Vision 2030, which anticipates continued institutional capital flowing into professionally managed residential platforms across the UK.”
The Mishcon de Reya team advising Goldman Sachs was led by Henrietta Garner and Kathryn Hodgson, both Partners in the Real Estate team.
With over 140 fee earners, including 46 partners, Mishcon de Reya's Real Estate department is one of London's largest and most diverse property teams. Our Real Estate department includes well-regarded specialist practice areas and provides a one-stop shop for all of our clients' property requirements, delivering a seamless service from investment, structuring, funding, acquisition and planning, through to construction, development, tax and litigation advice. Real Estate is one of the three key strategic sectors outlined in the firm's Vision 2030.