Macfarlanes advises Apache Capital on new project funding partnership with Harrison Street and National Farmers Union

Macfarlanes has once again advised UK-based Apache Capital Partners (Apache Capital), a leading private real estate investment management firm, on a new project funding partnership to support Moda Living’s £302m (€344m) Great Charles Street scheme in Birmingham.

The partnership includes investment from US investor, Harrison Street Real Estate Capital, Apache Capital and other significant real estate investors, including National Farmers Union (NFU). The Great Charles Street scheme is the largest regional BTR funding deal to date and underlines Apache Capital’s conviction in BTR as a major institutional asset class.

It builds on the existing joint venture between them all that Macfarlanes assisted in the formation of in 2018 to fund premium Build To Rent developments across the UK and now includes six assets, representing a total of 3,050 homes.

The Macfarlanes team for this matter was led by investment management partner Harriet Miller, with support from associate Joshua Oyedele, and tax partner Sarah Shucksmith.