The raise exceeds its £3.5m target. 

Following the successful fundraising, BRIP 3 has completed on a project for seven new homes in Blakeney, Norfolk, with an East Anglia-based developer, and has agreed terms to acquire three further residential development projects totalling 28 homes.

The Northampton-based regional real estate investment and development specialist launched its investment platform in September 2018 as an efficient way for investors to access value in the UK’s regional residential market, with plans to fund new home development in partnership with established SME housebuilders.

The platform now has 130 homes either completed or under development.

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The minimum investment of £250,000 per investor is deployed by Barwood Capital across three or four development schemes to spread risk across an average of 45 homes. 

The developments generally consist of family homes with gardens in sought-after locations outside London. 

“The residential investment platform offers our investors an innovative way to repeatedly access strong returns from the UK’s regional residential development market,” said Steve Chambers, director, Barwood Capital.

“Our ability to invest as part of a platform, in partnership with experienced SME housebuilders, ensures we add value and invest positively in our local communities, to deliver quality and much-needed new homes, while ensuring our investors benefit from a spread of risk and strong returns. 

“Our latest acquisition in Blakeney typifies the projects in the platform, bringing exceptional family homes to an area of north Norfolk,” he added.

Barwood Capital claims that recent global events have caused a surge in demand for homes in such areas, a trend which it expects is set to remain for the medium- to long-term.