CA Ventures makes senior hire for European BTR market

Real estate company CA Ventures is entering the Build to Rent (BTR) sector in Europe with the appointment of Tim Phillips as Head of Residential Europe.

Based in London, Phillips will be responsible for the development of BTR and Private Rented Sector (PRS) assets across Europe, starting with the UK. CA Ventures is committed to initially investing in the development of GBP200m in BTR and PRS assets in Europe per annum, ramping up to GBP380 million by 2025.

Phillips has over 14 years’ experience in the real estate industry, most recently as a Director at Lothbury Investment Management. There he led a corporate expansion into the residential sector; establishing, promoting and raising capital for a new investment vehicle in order to acquire, develop and operate PRS and BTR assets.

The move follows CA Ventures’ launch into the European PBSA market, where the company is currently executing GBP500m of development. This includes three developments under construction, which will deliver 888 beds in Edinburgh, Glasgow and Sheffield.

Carlo Matta, Head of Europe, CA Ventures, says: “Tim’s appointment comes as the residential housing market across Europe continues to evolve. We are seeing a shift from ownership to renting and we expect this trend to continue over the coming years, especially as there is growing demand for more flexible living arrangements.

“We believe there is enormous potential in a sector that is seeing record levels of year-on-year investment and, with over a decade in the industry, I’m fully confident Tim will successfully lead the CA Ventures team’s expansion into the sector.”   

Phillips adds: “CA Ventures is looking to build on its successful launch in Europe by diversifying across asset classes and sees great opportunities in the Build to Rent sector. By developing long-term focused assets of the highest quality, with the best locations and professionally managed, I firmly believe that CA Ventures can deliver institutional grade returns for investors. I am delighted to be supporting its vision for the sector in Europe.”