CBRE Investment Management Completes Seed Acquisition for UK Single Family Housing Strategy

CBRE Investment Management (“CBRE IM”), on behalf of a fund sponsored by the firm, has completed the acquisition of a 222-home single family housing portfolio in the South East of England from UK housebuilder, Bellway.

The transaction represents the seed investment for CBRE IM’s newly launched single family housing strategy, established in partnership with Moda Living. The strategy is focused on delivering and operating high-quality, professionally managed family rental homes in structurally undersupplied UK markets, providing investors with access to a growing and resilient residential segment.

The portfolio comprises a mix of completed homes and forward-funded development across three sites in established residential markets: Stevenage, Milton Keynes and Burgess Hill. All homes are expected to be delivered by the end of 2027.

The sites all have excellent access to high quality transport links, proximity to major employment centres, schooling and attractive local amenities. The developments will deliver predominantly two- and three-bedroom homes, with a layout and specifications aligned to the needs of family renters and long-term occupiers.

Homes within the portfolio will be operated by CBRE IM’s partner, Moda Living.

Tom James, Head of UK Transactions at CBRE Investment Management, said: “This is an exciting addition to our residential platform and a great first step in growing our single family housing strategy, delivering high-quality houses on attractive sites in locations where demand for best-in-class, professionally managed rental housing continues to outstrip supply.

“Working alongside Moda Living, we are building a platform designed to deliver at scale, both in terms of operational execution and investor outcomes, focused on homes that meet the evolving needs of renters and generate sustainable income over time.”

Johnny Caddick, CEO of Moda Living, commented: “These first acquisitions are an important milestone for the platform and reflect the progress we’ve made since launching the partnership earlier this year.

“Demand for professionally managed rental homes continues to outstrip supply and, with the backing of committed, long-term capital and Moda’s integrated development and operational platform, we’re well placed to help address that challenge. We’re looking forward to building on this strong start as we continue to grow the platform by utilising Moda’s delivery and operational capabilities — together with the wider Caddick Group land pipeline — to deliver more high-quality homes across the UK.”

Ian Gorst, Regional Chair, Bellway Homes, said: “We are delighted to have completed this portfolio transaction with CBRE IM and Moda as they launch their new UK Single Family BTR strategy. Their investment in Whitehouse Gardens, Milton Keynes, Forster Park, Stevenage, and Fallow Wood View, Burgess Hill demonstrates confidence in the strength of these outstanding new communities. We are proud they have chosen Bellway as their delivery partner, recognising our proven HBF 5-Star homebuilder track record for quality and customer satisfaction. We wish CBRE IM and Moda every success with this exciting new venture and look forward to building on our relationship in the years ahead.”

TT&G Partners and CBRE advised CBRE IM, and Savills advised Bellway.

About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $155.2 billion in assets under management^* as of March 31, 2026, operating in 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.

CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.

^*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.

About Moda Living and Caddick Group
Moda Living is a leading developer, investor and operator in the UK rental living sector, working with global institutional capital to deliver build-to-rent, purpose-built student accommodation and single-family housing. With £2bn of assets under management and £1.1bn under construction, Moda provides a fully integrated platform to source, deliver and operate high-quality rental homes across the UK.

Moda Living is wholly owned by Caddick Group, one of the UK’s largest privately owned property and construction businesses. Established in Yorkshire over 45 years ago, Caddick delivers projects through an integrated model spanning land, development, construction and operations, with a current pipeline of 21m sq ft of employment space and 34,000 homes (GDV £9.8bn).