UK Single-Family Housing
Overview
Investment Approach
The UK single-family housing sector presents a compelling investment opportunity, driven by a significant imbalance between housing supply and rental demand. Through the combination of Fiera Real Estate’s investment management expertise and Packaged Living, Fiera’s European rental living arm, the strategy is designed to access, deliver and manage high-quality rental housing at scale, targeting attractive risk-adjusted returns and long-term income growth.
The strategy invests in newly built single-family rental homes across supply-constrained locations through forward-funding and forward-commitment structures with leading housebuilders and developers. This approach provides access to a scalable pipeline of high-quality assets while benefiting from the sector’s strong long-term fundamentals.
As a holder of the Sustainability Impact label under the UK’s Sustainability Disclosure Requirements (SDR) framework, the strategy seeks to increase the supply of professionally managed rental homes in underserved locations. By delivering high-quality, sustainable housing where it is needed most, the strategy aims to generate measurable social impact alongside attractive financial returns.
Packaged Living manages over £604m in assets across 1,500 single‑family homes, alongside a multi‑family portfolio of 2,300 homes, making it one of the UK’s largest purpose‑built rental developers and a market‑leader in operating rental living assets in the sector.
With a leading market presence and a proven track record in single-family housing, Fiera Real Estate and Packaged Living are uniquely positioned to capitalise on the sector’s long-term growth opportunity.
Target returns are not guaranteed. Inherent in any investment is the potential for loss.
Key Principles
The strategy is well positioned to capitalise on a favourable market dynamic based around the following key principles:
Challenged Affordability
Owner occupier markets have become increasingly unaffordable driving all Build-to-Rent (BtR) segments.
Impact Vehicle
To facilitate the delivery of private rental single-family homes in underserved locations.
Sustainability
Striving for the highest standards of sustainability across energy, carbon, material and operational efficiency to deliver high quality and low carbon homes.
Low Construction Risk
Reduced construction risk from building individual houses at scale, via forward fundings/commitments with established market-leading housebuilders only.
Institutional Scale
Well executed single-family housing strategies provide a rare opportunity for achieving institutional access at scale in the traditionally granular UK residential rental market.
Downside Mitigation
Buying at a bulk discount vs sale values provides downside mitigation.
Potential Early Mover Advantage
Fiera Real Estate and Packaged Living are established as one of the most prolific allocators of capital into the UK single-family housing market.
Single-Family Track Record
Since 2015, Fiera Real Estate has been active across residential markets achieving residential planning approval for 11,304 units across the UK. Over the past three years, Packaged Living has become one of the UK’s largest single-family rental housing aggregators and operators with a secured portfolio of 1,500 homes.
Market Themes
Growth
Demand
driving demand over supply
Unique Access
Returns
Investment strategy is focused on:
- Single-Family units – A single household, or family, living within their own stand-alone home. Focus is on forward fundings and forward commitments. New build assets only.
- Impact Objective – To facilitate the delivery of private rental single-family homes in underserved locations. Targeting positive, measurable social impact whilst delivering high-quality, low-carbon homes that provide enhanced resident wellbeing and strengthened local economies through sustainable development practices.
- Likely portfolio – c.3,000 units across c.20 schemes. Target 100-200 homes per scheme, majority 2- and 3-bedroom houses.
- UK wide – Suburbs of UK cities and towns with strong local amenity offering and access to transport. Likely South-eastern focus.
Fiera Real Estate supports the Sustainable Development Goals
In 2015, all UN Member States adopted the 2030 Agenda for Sustainable Development. Underlying ‘Agenda 30’ are 17 Sustainable Development Goals (SDGs), which address the urgent call to end extreme poverty, fight inequality and injustice and to protect our planet.
The targets we have set for ourselves in order to meet our ESG commitments have been aligned with a number of these SDGs, but we have placed particular focus on the below:
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