Gatehouse Investment Management has acquired 82 single-family build-to-rent homes from Persimmon Homes for €21.9m, as part of its joint venture with Carlyle.
Persimmon will deliver 42 homes within its Bardolph View development in Gedling, and a further on its Hawkers Place site in Hucknall over the next 18 months. This is the joint venture’s second deal with Persimmon, after acquiring 174 homes across three West Midlands schemes in December 2023.
John Coles, Director of Acquisitions at Gatehouse IM, said: “Nottinghamshire is a location we know and understand well, with strong demographic support for increased SFR provision, and as such it is fantastic to be expanding our presence in the county. Both Bardolph View and Hawkers Place are established master planned schemes with a strong base of amenities, excellent transport links and good local schooling provision perfect for our target rental market. Through our previous deal with Persimmon Homes, we have seen the high-quality product they deliver, and hope to work with them again on further acquisitions.”
Anssi Halonen, Managing Director and Head of Acquisitions on the Carlyle Europe Realty advisory team added: “This acquisition is a testament to our ability, alongside our partners Gatehouse, to identify high-quality, well-situated assets, complemented by excellent transport links and local amenities. We are pleased to continue expanding our UK residential platform and look forward to seeing these homes delivered between now and the end of 2025.”
Gareth Hankin, Managing Director for Persimmon Nottingham, said: “We’re delighted to have worked with Gatehouse IM to deliver much-needed new housing in Nottinghamshire. With housing rightly high up the political agenda, we’re working with partners to provide the high-quality, sustainable new homes the country urgently needs.”
Image source - Pexels.
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