Gatehouse Investment Management has unconditionally exchanged on the acquisition of 71 homes from Bellway Homes for its UK PRS single-family build-to-rent portfolio (SFBTR) for an undisclosed price.
The two- and three-bedroom homes are located in Bellway’s Barton Quarter scheme to the south of Horwich town centre, near Bolton. Construction has already commenced and completion of the homes is expected by early 2026.
John Coles, head of acquisitions at Gatehouse IM, said: “UK PRS has long been at the vanguard of the SFBTR sector, and these new acquisitions underline the ongoing appetite to bring new locations into the portfolio. Bellway has a strong track record in delivering high-quality family homes, with Barton Quarter having all the hallmarks of a UK PRS site: robust local demand, strong local employment sources, access to vital infrastructure such as schools and hospitals, and excellent transport links.”
George Stevenson, land director at Bellway Homes Manchester, added: “Careful planning has gone into these proposals to create a high-quality, sustainable neighbourhood with designs that reflect the history and heritage of the site.
“Rivington Chase is a truly special development that is transforming a derelict brownfield site into a neighbourhood that celebrates the history and heritage of the Loco Works and provides a destination for local people and we are delighted to have reached this agreement with Gatehouse Investment Management to provide energy efficient homes.”
