Sixth Street has made an investment in Park Properties Housing Association (PPHA), a U.K. for-profit registered provider, in partnership with HSPG, a social and affordable housing investor.
Sixth Street will provide the majority of the equity capital, with HSPG continuing to lead the strategic direction, asset management and growth of PPHA’s platform alongside the company’s existing management team.
PPHA intends to invest more than $1.26 billion to deliver high-quality, new-build homes and sustainable communities, establishing a new benchmark for affordable living. The homes will encompass all affordable tenures, including affordable rent, social rent, shared ownership and grant-led additionality, in areas of greatest need. The delivery of these homes reflects PPHA’s longstanding commitment to high-quality construction and rigorous building standards, aimed at delivering lasting positive impact for customers and the communities they live in.
PPHA is one of
