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New Deal


Announced

Completed

PSP Investments, Cadillac Fairview and Long Harbour completed the formation of the joint venture.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Joint Venture

United Kingdom

Majority

Single Bidder

Cross Border

Private

Completed

Acquisition

Real Estate Holding and Development

Build to Rent platform

Friendly

Synopsis

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Investment firms PSP Investments, Cadillac Fairview and Long Harbour completed the formation of the joint venture. The joint venture will aim to to create a £1.5bn Build to Rent platform. “We are very pleased to be welcoming Cadillac Fairview to the LHMF platform alongside PSP. This is a long-term, strategic partnership and a strong endorsement for Long Harbour’s vertically integrated model, and our investment, asset management, development and operations capability," William Astor, Long Harbour CEO.

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