Avison Young instructed to structure and raise capital for innovative Affordable Housing platform
14 March 2019Avison Young has been instructed by Value Group to advise on structuring and raising of capital for an innovative platform that produces 100% Affordable Housing developments across London and the South East, without the use of grant funding.
The platform has almost 600 units completed or in-development and is scaling up to 10,000 units / £2bn in capital commitments. The platform will be a Registered Provider of social housing and the first private sector, fully integrated investor, developer and manager to focus wholly on Affordable Housing.
Richard Stonehouse, Principal and Head of Residential Investment at Avison Young said: “This is a unique and exciting opportunity that will create a substantial and sustainable portfolio of assets, giving the private sector the opportunity to play a significant part in the delivery and management of affordable homes. We envisage a weight of capital, both domestic and international, that will be attracted to this opportunity to create demonstrable social value.
“This deal is indicative of the continued innovation being shown by the private sector in response to the UK’s housing delivery challenge. Earlier this year, Avison Young advised on the formation of the Housing Investment Partnership, the £300m JV between Morgan Sindall Investments and ReSI Capital Management to fund shared ownership, and is currently advising on a number of other Affordable Housing investment models across a variety of both rent and part ownership models in the UK and Europe.”
Iskandar Karam, Value Group, said: "For the good of society we have to get the Affordable Housing sector right. At Value Group we work tirelessly to deliver innovative solutions to our tenants, investors and government bodies." The opportunity will launch to market during Q2 2019.
