Moorfield Foundation, the charitable arm of UK real estate private equity fund manager Moorfield Group, is pleased to announce the acquisition of a residential property in Manchester, which has been leased to Bridge-It Housing, a registered landlord and charity which provides temporary housing for homeless people. It represents the Moorfield Foundation’s first dedicated social impact investment, a key tenet within its increasingly prominent Corporate Social Responsibility (CSR) programme. The purchase price was not disclosed.
Located in Clayton, a suburb three miles east of Manchester’s city centre, the property is now providing a home to four otherwise homeless people. Bricks & Soul, Moorfield’s local Manchester partner who focuses on bringing empty homes back into use with full and inspiring refurbishment methods, using local tradespeople and products, were responsible for finding, refurbishing and delivering the property.
Sadie Malim, Head of Special Projects at Moorfield Group, commented: “Our first social impact investment in Manchester, supporting a charity which is providing much-needed services and support to those at risk of homelessness, is a significant milestone. We have invested in Manchester for many years and we are excited to showcase how we plan to invest in social projects that support our values in those cities where we are commercially active. This investment also represents the first step towards creating a more sustainable Charitable Foundation that progresses beyond a simple donations model and which we aspire to build into a meaningful long-term foundation. We loved the work that Tors Sinclair at Bricks & Soul was doing in Manchester to bring unloved terraced houses back to life through community focused refurbishment projects. We shared a common belief that all homes should be inspiring and uplifting spaces and in particular, our aim was to deliver such homes for the exclusive use of charitable housing providers.”
