An algorithm-led property asset management business, SPI Capital, has launched after securing seed funding for £250m of investment in the private rental sector.
The business, which invests across the North of England and Oxford-Cambridge Arc, aims to transform the way investors access stable, hands-off returns from residential property while providing key worker housing.
Anna Clare Harper, chief executive of SPI Capital, said: “The global pandemic has highlighted an opportunity to help deliver quality housing for key workers, whilst delivering sustainable returns to investors, through focusing on a resilient asset class.
“The investors we work with want to be able to support a vital section of the country’s labour force, without compromising on financial returns.
“They recognise that quality residential property rented at a fair market price makes commercial sense, and offers a ‘win-win’.
“The PRS investments we focus on have delivered 95%+ rental income take vs <50% to many commercial property investments in 2020.”
SPI Capital is spearheaded by Anna Clare Harper, Ruth McCarthy and Damien Fogg.
CEO Anna Clare Harper is a real estate strategist and author. MD, Ruth McCarthy, is the former head of real estate at a top 100 UK law firm. CIO Damien Fogg is a Chartered Building Surveyor and former financial advisor.