National Housing Bank backs Starlight UK BTR Fund II

Homes England's National Housing Bank has invested in the Starlight UK Build-to-Rent (BTR) Fund II to accelerate the delivery of new rental homes across England.

Basildon

The Bank uses flexible, government-backed capital to unlock housing and regeneration projects, attracting private capital and speeding up large-scale delivery.

Global real estate investor Starlight Investments aims to deliver thousands of new homes in major regional cities like Manchester, Liverpool, and Leeds, as well as undersupplied London Commuter Belt markets. Starlight’s current UK portfolio consists of 4,000 homes and £1.1 billion in assets under management.

Building on the success of its first UK BTR fund, and with Homes England's investment and significant commitments from other global institutional investors, Starlight's Fund II is set to deliver 6,000 much-needed homes.

Daniel Drimmer, founder and CEO, Starlight Investments, said: ​“Building on our expanding UK portfolio, this partnership marks an important milestone as we continue to grow our BTR platform and align private investment with outcomes that benefit local communities.”

Simon Century, CEO, National Housing Bank, added: ​“Supporting international capital to commit to building thousands of new homes in towns and cities across the country is a hugely encouraging sign that England’s residential market is open for business and able to attract institutional investment to support growth. Starlight’s approach to development, professional management and institutional ownership of mid-market rental housing aligns with our place-based priorities.”