Build to Rent specialist Greystar has raised €725m (£623m) for a pan-European fund aiming to drive returns from the construction or acquisition and improvement of thousands of rental properties across the continent, including the United Kingdom (UK).

The US real estate firm’s fund manager subsidiary Greystar Europe Investment Management announced yesterday that it has secured €725 million in equity commitments from a “diverse group of global institutional investors” as part of a target of raising $1billion.

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