Gatehouse Investment Management has acquired 105 single-family build-to-rent (SFR) homes from Sheffield housebuilder MJ Gleeson for £18.5 million, as part of its joint venture with global investment firm Carlyle.
This is the second deal signed with MJ Gleeson by the joint venture, with the new homes located across the same 15 developments as the 288 units acquired from the housebuilder last year.
Located on successful sites, with strong transport links and local amenities, the two-, three- and four-bedroom homes will be handed over to the joint venture from early 2025 onwards. As part of Gatehouse IM’s commitment to sustainability, all homes will have an EPC rating of ‘B’ or higher.
The entire portfolio, including the new acquisitions, will be managed by Ascend.
John Coles, Director of Acquisitions at Gatehouse IM, said: “We are pleased to have completed this latest acquisition with MJ Gleeson, having been impressed with the homes it has already delivered, and are certain these further units will be an equally strong element of our wider portfolio. We have developed a productive working relationship with MJ Gleeson, and look forward to future deals.”
Anssi Halonen, Managing Director and Head of Acquisitions on the Carlyle Europe Realty advisory team, added: “The fundamentals underpinning our UK residential strategy remain compelling. These represent high-quality additions to our growing platform, providing SFR homes which we believe will be a key part of the housing mix.”
Steve McElroy, Group Sales Director at MJ Gleeson, said: “The addition of further units to the existing portfolio further strengthens the partnership we have developed with Gatehouse IM and Carlyle and allows us to work together to provide much needed high quality and affordable housing stock in the areas and for people who need it most.”
 homes from Sheffield housebuilder MJ Gleeson for £18.5m.){kind=link}