Background and Opportunity

  • Acquisition of a 50% stake and provision of expansion capital to a business that acquires and regenerates existing single family homes, resetting living standards and quality of homes for renters across the UK
  • 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

Current Status

  • Acquisition programme is ahead of business plan
  • Options being considered to accelerate the growth of the business