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Sign in Sign up for a FREE subscriptionOctopus Real Estate enters U.K. affordable housing market
Octopus Real Estate, part of Octopus Group and a leading UK specialist real estate lender and investor, has entered the U.K. affordable housing market. It aims to accelerate the delivery of high-quality, genuinely affordable homes working in partnership with housing associations and local authorities.
The affordable housing sector currently faces several challenges, including the cost burdens of adopting net-zero targets and complying with enhanced building safety regulations. Octopus will work with housing associations to help alleviate these pressures by providing long-term, patient capital to the sector to fund the delivery and long-term ownership of new homes.
To support its move into the sector, Octopus has acquired a Registered Provider of Social Housing and will operate a direct-let model — rather than lease-based — to ensure a fair sharing of risk with its partners.
“We are launching an affordable housing strategy now because the current cost of l