Summary:
- KKR and Puma Property Finance have launched a joint venture providing up to £500 million in senior development and stabilisation loans for UK residential projects, including build-to-rent, build-to-sell, and purpose-built student accommodation, targeting loan sizes between £20 million and £75 million.
- The partnership combines Puma’s established UK lending platform and developer relationships with KKR’s global credit expertise and capital, supported by a senior credit facility from a major international bank, aiming to expand lending capacity amid strong demand in the living sector.
- Since 2012, Puma has issued over £2 billion in real estate-backed loans and recently launched the Puma Real Estate Secured Credit Fund; this joint venture enhances its ability to support experienced developers with scalable, competitively priced capital across the UK housing market.
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