Shared ownership investor signs deal with developer for 167 homes in South West

According to ReSI, the shared ownership homes will be delivered to Energy Performance Certificate Band A through a combination of a “fabric-first” approach to design and the installation of ground and air source heat pumps. All the homes will have private outdoor space.

Construction is scheduled to begin on the site in mid-2023, with the first completions to take place in the third quarter of 2024.

Gresham House, which owns ReSI, has now invested in more than 2,150 shared ownership homes.

In December, the fund acquired 469 shared ownership homes in Cornwall for £46m, which followed funding for 163 new homes in Somerset and Kent in November.

Narvinder Khossa, director of new business – housing at Gresham House, said: “We’re pleased to continue a busy period of activity for ReSI LP with this deal, which will further strengthen the fund’s robust income streams and support the delivery of much-needed affordable housing in Chippenham, especially given the challenging macroeconomic environment.”

Marc Thompson, divisional managing director at Countryside Partnerships, added: “This transaction will support the completion of the Langley Park development, delivering vital housing for local residents, and will unlock further capacity for us to develop sustainable, high-quality homes up and down the country over the coming months.”