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 the 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
- Business currently owns or has contracted over 1,000 homes
- New website launched
Current Status
- Acquisition programme is ahead of business plan
- Options being considered to accelerate the growth of the business
