Savills IM acquires majority share in U.K. affordable-housing platform, plans fund launch

Savills Investment Management (Savills IM) has acquired a majority share in Simply Affordable Homes from Centrus Financial, a corporate finance advisor to and long-term supporter of the U.K. affordable-housing sector, which will retain a minority interest.

This follows Savills IM’s acquisition of Pitmore, the U.K. development and build-to-rent (BTR) specialist, and creates a strong UK residential platform for Savills IM.

The first new product after the acquisition will be the launch of Savills IM’s U.K. Affordable Housing Fund. The fund is intended to have strong sustainability and impact credentials with a primary focus on increasing the supply of Affordable Housing to meet the substantial need  that exists across the United Kingdom. It will target operating with high environmental standards and within the scope of Savills IM’s broader net-zero carbon targets. The fund is intended to have flexibility to invest in shared ownership and affordable and social