Picture Living has committed circa £20m to forward fund two single-family housing schemes in the South of England.
In the London Borough of Waltham Forest, Vistry Group will deliver 14 three-bedroom homes, the first of which will be available in mid-2024, and in St Neots, Cambridgeshire, Durkan Homes is delivering 28 three- and four-bedroom homes.
The latest investments follows Picture Living’s circa £25m commitment to forward fund two single-family housing schemes in Essex, in August this year, delivering 63 homes.
James Nicholls, investment manager at Thriving Investments, said: “The UK single-family housing market continues to go from strength to strength, having attracted over £1bn of investment in 2023 to date, a record for the sub-sector. Investors are increasingly attracted by its combination of stable returns and real social value, and the circa £45m of investments we have made this year is testament to our expertise in this sector.
“We look forward to working with Vistry Group again, and to establishing our new relationship with Durkan Homes, as we continue to deliver long term value and a positive social impact in support of our mission to alleviate the chronic housing shortage in the UK.”
