Gatehouse successfully completed its initial £100m Private Rented Sector (PRS) scheme, named Thistle, between November 2014 and February 2017 in partnership with Sigma Capital. This created a portfolio of 918 new rental homes, let across 15 sites in Greater Manchester and Merseyside.
Gatehouse embarked on the second phase of its PRS investment with Sigma Capital in December 2015, comprising a further £100m investment. This project is well under way with new homes being built on sites across Greater Manchester, Merseyside and the West Midlands.
The ground-breaking joint venture created one of the first large scale PRS portfolios of family homes in the UK.
Thistle was sold to Goldman Sachs in January 2021 for a total consideration of c.£150m in what was the largest deal of its kind in the UK at the time.
The bank has launched its third Build to Rent venture in a £500m partnership with TPG Real Estate Partners to enable construction of up to 2,500 suburban, purpose-built family rental homes across the North and Midlands.
This venture has already secured an initial seed portfolio of four sites, acquired in partnership with leading housebuilder Countryside Properties.
Get in touch with our PRS/Build to Rent team
If you would like an initial discussion to see how we might be able to help, please contact our PRS/Build to Rent team using the details below.