Background and Opportunity
- Ownership of a majority interest in Habodel, a multi-faceted acquisition, regeneration, operation and management platform providing single family homes across the UK. Habodel strives to improve the quality of predominantly existing housing stock, providing stability and enhancing living standards for renters nationwide.
- Business plan involves the acquisition at auction and private treaty of individual homes prior to refurbishment and rental, all managed through an integrated technology led platform
- Material environmental improvements are expected to be realised as part of the refurbishment process delivering energy efficiency and reduced carbon emissions
Transaction Progress
- Business currently owns or has contracted over 1,600 homes
- New website launched
Current Status
- Acquisition programme generating attractive yield on cost and above inflation rental growth
- Options being considered to accelerate the growth of the business
