CA Ventures has recruited Tim Phillips from Lothbury Investment Management to spearhead its launch into the build-to-rent sector in Europe.
Phillips, who as a director at Lothbury led the fund manager’s expansion into the residential sector, will be head of residential, Europe, at CA Ventures.
The company, which recently launched into the European student accommodation market, has committed to initially investing in the development of £200m in BTR and PRS assets in Europe per annum, ramping up to £380m by 2025.
Carlo Matta, head of Europe, CA Ventures said: “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.”