Gresham House, the alternative asset manager, has joined forces with top social impact real estate firm HSPG to build a portfolio of shared ownership and affordable housing. 

With the option for Gresham House to acquire HSPG’s shared ownership properties upon completion, the terms of the deal allow HSGP to sell the properties. The asset manager plans to acquire a minimum £50mn of properties over the next three years. 

Guy Horne, chief executive at HSPG, said: “Gresham House is a natural partner for HSPG, and we are thrilled to work with one of the UK’s most respected social and affordable housing investors. This partnership builds on our rapid growth in the social housing sector, having already deployed in excess of £650m on much-needed housing across the entire country. As we continue to build on our success in the market, this funding provides further confidence that we will be able to deliver more socially impactful housing for our communities.” 

“The acquisition in Felixstowe is expected to be the first of several under this partnership, and we look forward to announcing more transactions with HSPG in the future.”

Guy Horne, chief executive at HSPG, said:  “Gresham House is a natural partner for HSPG, and we are thrilled to work with one of the UK’s most respected social and affordable housing investors. This partnership builds on our rapid growth in the social housing sector, having already deployed in excess of £650m on much-needed housing across the entire country. As we continue to build on our success in the market, this funding provides further confidence that we will be able to deliver more socially impactful housing for our communities.”