Liverpool-based developer Elliot Group and Valorem Investment Partners have appointed capital markets advisor HFF to find equity partners for an expansion into the build-to-rent sector.
The partnership wants to grow operations to more than £1bn and says now is an “opportune time” to approach institutional investors to support a potential 1,250 home BTR pipeline.
Elliot Group founder Elliot Lawless said: “The scale of our pipeline, when set against our track record and the current market, means that the time is now right to work with institutional partners to drive our programme forward.
“We have 1,250 units confirmed on four of the best city-centre sites in the north of England for them to consider.”
Elliot Group has built 3,000 residential units across twelve sites in Leeds, Liverpool and Manchester since 2013 using funds raised from retail investors. The gross development value to date is more than £800m.
Valorem Investment Partners advise on site identification, planning and project management.
It is headed by Anthony Maxwell-Jones who advised on the formation of the Inhabit Portfolio, which involved aggregating regional land sites and obtaining planning consent for circa 3,500 units.
He said: “I had the pleasure of working with Elliot Group while I was at Castleforge, and can rest assured that they are one of the strongest players in the space.
“Building on my experience with the Inhabit Portfolio, I am confident that Valorem Investment Partners and Elliot Group collectively offer a highly differentiated track record with key experience in all stages of the development process – from project sourcing all the way through to stabilisation.”
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