New rental homes backed by institutional investors such as Local Government Pension Schemes (LGPS) are delivering impact through regional investment and the provision of much needed affordable private rented housing, according to figures published by U.K. residential fund manager Hearthstone Investments.
Hearthstone, which currently has £450 million (€526 million/$567 million) of assets under management, has published its 2023 Impact and Sustainability Report, based on data collected from its portfolio of 1,800 rental homes, a mix of houses and flats in low-rise apartment blocks.
The initial acquisition of new homes delivered regional investment and employment across England, Scotland and Wales in more than 50 different locations. Some 45 percent of these sites were transformative regeneration projects of brownfield sites. After the initial investment, the ongoing management of rental homes creates permanent local employment for agents as well as contractor
