Savills Investment Management’s Simply Affordable Homes fund has acquired a portfolio of 105 homes in Oxfordshire from Blenheim Estates for an undisclosed price.
The acquisition was made through its for-profit registered provider Simply Affordable Homes RP.
The operational homes, which were constructed by Pye Homes, comprise a mix of intermediate market rent and shared ownership tenures and form part of a wider housing development in the area.
The acquisition is the fund’s second transaction of 2025 following the recent purchase of 94 income-producing homes at Heyford Park in Oxfordshire.
Dominic Curtis, fund manager for the Simply Affordable Homes fund at Savills IM, said: “This acquisition is an excellent addition to the fund. The portfolio is of very high quality and delivers a significant social impact to our residents, with average rent levels close to 60% of market rent.
“This latest transaction further demonstrates our ability to source high quality assets with leading ESG credentials and it provides investors with immediate and defensive income in a sector where the role of institutional capital is increasingly important to bringing much needed new product to market.”
Keith Exford, chairman of Simply Affordable Homes RP, added: “Our third acquisition for Simply Affordable Homes exemplifies our commitment to the provision of high-quality and energy-efficient housing that is both affordable and readily available for local communities experiencing undersupply. By funding the delivery of these homes, we are bringing immediate additionality to market while responding to strong institutional demand for access to the sector.”
