LONDON: Schroder BSC Social Impact Trust plc has committed £5 million to the Savills IM Simply Affordable Homes Limited Partnership. This investment aligns with the company’s High Impact Housing asset class allocation and aims to address the pressing social challenges in the UK.
The fund, managed by the esteemed Savills Investment Management, boasts an impressive track record with over £22.1 billion in real estate assets under management.
With a focus on social and affordable housing, the fund management team, alongside the For-Profit Registered Provider board, is set to leverage their extensive experience and strong ties with Housing Associations to make a substantial impact.
Savills IM Simply Affordable Homes Limited Partnership is dedicated to providing affordable housing solutions across the UK.
The fund’s strategy involves acquiring existing properties and constructing new homes in partnership with reputable Housing Associations, developers, and housebuilders. It aims to create a diverse portfolio of properties, including affordable and social-rent homes, as well as shared-ownership options, all while generating secure, inflation-linked income.
The fund’s investment approach is deeply rooted in the company’s Impact Thesis and Theory of Change. It prioritizes properties that offer a significant discount to market rates, focusing on regions with high demand for social housing and those identified within the lowest 40% of the Index of Multiple Deprivation.
Additionally, the fund is committed to sustainable practices, targeting high environmental standards and working towards achieving Net Zero Carbon by 2040.
Jeremy Rogers, CIO of Big Society Capital and Portfolio Manager at Schroder BSC Social Impact Trust plc, expressed confidence in the fund’s potential. “The UK’s housing shortage, particularly in the social and affordable sectors, is a pressing issue.
This fund is poised to provide much-needed housing for lower-income families and individuals in dire need of social housing. With over 30 years of expertise and a solid foundation of housing association partnerships, the SAH management team is well-equipped to deliver both financial and impactful returns through large-scale affordable housing provisions.”
This strategic investment marks a pivotal step towards alleviating the housing shortage in the UK, offering a beacon of hope for those affected by the crisis.
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