Thriving Investments

We’re delighted to announce our new partnership with Gresham House, which creates a UK-leading affordable housing fund management platform. The partnership’s initial focus will be managing Gresham House Residential Secure Income, a UK shared ownership strategy which will be renamed in due course to reflect the partnership. The innovative agreement, combining Thriving Investments’ origination, execution and development capabilities with Gresham House’s fund management and capital-raising track record, provides a strong pipeline for growth, which will benefit not only our investors, but the UK housing sector as a whole. We are also excited to announce that Ben Fry is joining us as Affordable Housing Fund Director, along with six other members of the Gresham House team. Catherine Webster, CEO, comments: “UK Government targets have been set to solve this country’s housing problem. It will take innovation, new approaches and partnerships to get this country building to the scale required. This transformative partnership not only highlights the role private investment can bring into the sector but delivers immediate opportunities to scale across the property, asset management and regulatory markets. “Ben’s residential real estate experience is almost unparalleled; we look forward to leveraging his and his team’s enviable track record.” Commenting on his appointment, Ben Fry: “Delivering meaningful social impact investment opportunities for investors in the housing sector has underpinned much of my career and fully aligns with Thriving Investment's strategy. I look forward to leveraging my experience at Gresham House and that of the Thriving Investments team to accelerate the Fund’s growth, whilst delivering value for clients within what is arguably the sector’s only vertically integrated, social impact fund management platform.” Read more - https://lnkd.in/e36xBfQE

Thanks Jasmine Urquhart for the article and the chat about the benefits of institutional investment in UK housing. Thriving Investments is focussed entirely on investing 3rd-party capital to create new homes at an affordable level across the UK (which we see as a key part of social infrastructure). Delivering #affordableHomes with #SocialImpact and stable returns for pension funds delivers a win-win for communities and investors alike.

This is why we do what we do. Everyone has the right to live in a safe and welcoming home and we're committed to generating the investments needed to deliver affordable homes where they're most needed.

Yesterday, we were pleased to welcome Paul McLennan, Scottish Minister for Housing, to The Foundry – one of our largest developments in Glasgow.  The visit came as the Housing Minister announced an additional £100million of investment from the Scottish Government to deliver 2,800 much-needed mid-market rent homes. Less than two miles from Glasgow City Centre, The Foundry is a development of 199 apartments all of which will be available for mid-market rent. Providing a mix of one, two and three-bedroom apartments, the first homes are due to be launched in late 2024. Speaking about the visit William Kyle, Fund Director for Thriving Investments, said, “We welcome the announcement of an additional £100million investment into mid-market rent homes in Scotland, this additional funding has the potential to make a big difference to many households who are currently unable to access good quality housing. “Using our model we have been able to grow an our initial £47.5million investment from the Scottish Government to £222.5 million, delivering up to 1,200 mid-market homes across Scotland. Using our model, we believe this fund can generate a fund of around £500million, which could deliver 2,800 homes. “We have been very focused on Edinburgh and Glasgow so far as there is the opportunity to develop brownfield regeneration homes exactly where they’re needed and are more affordable.” “We are delighted that additional funding for mid-market rent has been approved and look forward to working up a bid which takes the achievements of our existing fund. We would love to secure funding to continue to deliver high-quality homes in key areas across Scotland and are already thinking about a pipeline of opportunities and partners to bring to the bid”.  #ThrivingCommunites #ThrivingInvestments #midmarketrent #essentialworkerhomes #NewAvenueLiving

Great to see James Lenton getting involved in the AREF research committee for us 👏

It’s great to see Catherine Webster being recognised as one of the 24 brilliant women being spotlighted in this years’ Bisnow Women Leading Real Estate list. Selected by Bisnow for her active role in advancing diversity and inclusion across the industry, as well as her focus on mentoring and sustainability, Cath has played a critical role in turbocharging our business, growing funds under management and delivering real social value across the Living space since joining our business in January last year.   Cath will be speaking at Bisnow’s annual Women Leading Real Estate event on 28th November, and we look forward to seeing many of you there to discuss the state of the market, share career advice and tips, and debate how the CRE industry can continue its quest to become more open and accessible to all.   To read the full list, click here: https://lnkd.in/eCz2xJyY   #WomenLeadingRealEstate #diversitychampions

Wonderful news to have our New Avenue Living Fund win the Outstanding Fund Achievement award this evening! Bravo William Kyle and Jennifer Low! This fund delivers rental homes at discounted rents - providing energy efficient, new homes to essential workers within easy commute of Edinburgh and Glasgow and at #affordable pricing. We are looking to widen the concept both in Scotland and in England - watch this space.

Carrying on the theme of good news for our New Avenue Living fund in Scotland, Glasgow City Council recently approved the bulk sale of 58 homes to the fund in the Athletes Village development (Phase 2). These homes will be let as Mid Market Rent (MMR), much needed in the East End area of Glasgow. #midmarketrent #thrivingcommunity #essentialworkerhomes #NewAvenueLiving https://lnkd.in/dbAdpqTe

A wonderful end to the week to note that as part of the 2024 programme for Government, ministers have committed further funds to support more mid-market rent homes in Scotland building on and due to the success of our New Avenue Living fund run so ably by William Kyle. The New Avenue Living fund provides modern rental homes for essential workers and is set to deliver 1200+ homes which are managed by our sister company, Touchstone Residential Property Management. See the piece from inside housing below: https://lnkd.in/de6jvb8T

In the first of our Non-Executive Director video series, we sat down with Claire Ainsworth, who has been on the Board of Directors since the company’s inception, to discuss our purpose, key values – growth, creating thriving communities and stakeholder transparency – as well as the importance of our relationship with our parent company Places for People.   “Our purpose is to harness investors’ money to create more housing stock in a responsible way”   #ThrivingCommunites #NED #ThrivingInvestments