Thriving Investments and Gresham House have agreed a £53m forward-funding agreement for the delivery of 122 shared ownership homes on the Clapham Park Regeneration Estate in South London.
The forward-funding deal is the first transaction since Thriving Investments and Gresham House joined forces to establish a new affordable housing fund management platform in November 2024.
The investment has been made on behalf of the partnership’s shared ownership strategy Gresham House Thriving Investments Residential Secure Income LP.
The new homes are scheduled for completion in winter 2026/2027 and will be delivered as shared ownership affordable housing, supported by a grant from the Greater London Authority.
A joint venture between Countryside Partnerships – part of the Vistry Group – and Metropolitan Thames Valley Housing Group (MTVH) will deliver the new homes.
Ben Fry, fund manager of Gresham House Thriving Investments Residential Secure Income LP, said: “This first transaction under Gresham House and Thriving Investments’ new partnership marks one of ReSI LP’s most significant investments to date. London is experiencing a severe shortage of affordable housing, and this investment aligns with both the UK government’s appeal for institutional collaboration in housing growth, aiming to accelerate the delivery of affordable, high-quality, and energy-efficient homes, as well as the fund’s social impact commitment.
“Alongside the GLA’s grant support, which is critical in enabling us to achieve shared ownership status for the new residential units, the investment also continues our longstanding relationships with both Vistry and MTVH. Clapham Park represents a landmark development in our journey toward building a £1bn+ shared ownership portfolio over the next five years.”
Heather Fleming, managing director, institutional business at Gresham House, added: “We are thrilled to announce the completion of our first deal under the new partnership between Gresham House and Thriving Investments. This collaboration harnesses our combined expertise and resources to deliver superior outcomes for our clients. It reflects the increasing demand from investors for shared ownership investments, driven by the need for stable income and long-term capital growth opportunities in the UK housing market.”
Matt Painter, development director at Thriving Investments, said: “It is a pleasure to see ReSI LP get off to such a strong start with our investment in the Clapham Park Regeneration Estate. This project reflects our commitment to advancing additionality residential developments through forward funding.
“With our first transaction now complete, we are focused on the future and are eager to collaborate with developers who share our vision for delivering affordable, shared-ownership housing. We have the capital and the drive to pursue further partnerships that align with our mission of creating impactful residential communities.”
