Gatehouse Investment Management (IM) has acquired 82 single-family build-to-rent (BTR) homes from Persimmon Homes for £18.7m, as part of its joint venture with global investment firm Carlyle.
Gatehouse IM has purchased 42 homes within Persimmon’s Bardolph View development in Gedling and a further 40 at its Hawkers Place site in Hucknall. All of the homes will have an EPC rating of B or higher.
In total, the joint venture between Gatehouse IM and Carlyle has completed the purchase of, or is under offer on, more than 820 homes nationwide, all of which will be managed by Ascend.
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 masterplanned 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 in the Carlyle Europe Realty advisory team, added: “This acquisition is 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 of 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.”
