Global investors purchase 650 homes from three housebuilders for use as single-family rental housing

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JV set up by Kennedy Wilson and Canada Pension Plan Investment Board has amassed a portfolio of 900 homes since launching in October

A joint venture consisting of global real estate investor Kennedy Wilson and the Canada Pension Plan Investment Board have purchased 650 homes from three housebuilders.

The homes, which are across seven additional sites have been forward purchased from Wavensmere Homes, Barratt Redrow and Cala Homes. They will be rented out as single-family rental units. Locations include Bedford, Cambridge, Derby, Didcot, Great Dunmow, Ipswich and Wolverhampton

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