Gresham House and Thriving Investments have made their first investment as part of a new UK shared-ownership real estate partnership.
The Gresham House Thriving Investments Residential Secure Income LP partnership (ReSI LP) has committed £53m (€63m) via a forward funding agreement to develop 122 shared ownership homes on the Clapham Park Regeneration Estate in South London.
The shared ownership homes project represents ReSI LP’s largest London scheme to date.
The project is scheduled for completion in winter 2026-2027 and is being built by a joint venture between Countryside Partnerships and Metropolitan Thames Valley Housing (MTVH), the lead developers of the broader Clapham Park regeneration.
Ben Fry, fund manager of ReSi LP, said: “This first transaction under Gresham House and Thriving Investments’ new partnership marks one of ReSI LP’s most significant investments to date.
“London is experiencing a severe shortage of affordable housing, and this investment aligns with both the UK government’s appeal for institutional collaboration in housing growth, aiming to accelerate the delivery of affordable, high-quality, and energy-efficient homes, as well as the fund’s social impact commitment.”
Heather Fleming, MD, institutional business at Gresham House, said: “We are thrilled to announce the completion of our first deal under the new partnership between Gresham House and Thriving Investments. This collaboration harnesses our combined expertise and resources to deliver superior outcomes for our clients.
“It reflects the increasing demand from investors for shared ownership investments, driven by the need for stable income and long-term capital growth opportunities in the UK housing market.”
Matt Painter, development director at Thriving Investments, said: “It is a pleasure to see ReSI LP get off to such a strong start with our investment in the Clapham Park Regeneration Estate. This project reflects our commitment to advancing additionality residential developments through forward funding.
“With our first transaction now complete, we are focused on the future and are eager to collaborate with developers who share our vision for delivering affordable, shared-ownership housing. We have the capital and the drive to pursue further partnerships that align with our mission of creating impactful residential communities.”
To read the latest IPE Real Assets magazine click here.
