The UK real estate private equity fund manager — which has developed and operated 1,200 BTR apartments since 2012 — aims to consolidate its expertise within the sector into a distinct platform.
More will complement Moorfield’s activities in the PBSA sector and initially comprise three schemes totalling 785 apartments: Duet and the Trilogy in Manchester, and the Forge in Newcastle.
The schemes will provide a mix of one-, two- and three-bedroom apartments and are designed to optimise space with on-site amenities, including shared resident facilities.
- DFT roundtable: Strong QS relationships, communication and resistance to tech during the evolution of a scheme
- Henderson Park and Greystar acquire east London BTR development
- BTR: Meet BTL's big, little brother
“Our brand standards ensure that each scheme is designed both aesthetically and technically to appeal to the discerning and tech-savvy customer with a strong focus on community and engagement,” said Sadie Malim, head of special projects at Moorfield Group.
“The More brand will help us communicate our experience and intentions in the BTR sector, one where we have significant near-term growth ambitions.”
Heiko Figge, head of operational asset management at Moorfield Group, added: “We’re excited to now have over 500 BTR units operational in Manchester.
“With the Trilogy almost fully let less than seven months after opening, we are confident that Duet will also let up swiftly.
“The scheme is perfectly located to benefit from the growing prominence of MediaCityUK as a hub of technology, innovation and creativity, with over 200 businesses now calling it home.”