UK private rented housing specialist Hearthstone Investments completed £93m (€107m) worth of acquisitions in the last 12 months, adding 300 new homes to its growing portfolio.

The new homes comprise 22% flats and 78% houses, covering 18 locations across England in the North West, the Midlands, Eastern England, the South West, and South East.

Hearthstone’s funds now own a combined portfolio of more than 1,800 homes across the UK, including a pipeline of new properties under construction.

Andrew Smith, chief investment officer of Hearthstone Investments, said: “The last 12 months have been key for the evolution of Hearthstone Investments. By working in partnership with developers and building in locations where there is substantial demand for private rented housing for occupiers on average income, the asset class becomes an attractive, resilient option for institutional capital in the longer term.

“In partnership with our investors, we are committed to ensuring those who choose to rent their homes can benefit from some of the best stock in their local area, with the confidence that their homes will be energy efficient, well maintained and well managed. This is something we are proud to supply.”

Smith added that the institutional management of private rental properties delivers a better quality experience for residents than many homes available on the open rental market. 

All homes within Hearthstone’s portfolio are energy-efficient, providing institutional investors with the opportunity to strengthen their environmental and social credentials. Homes within Hearthstone Investments’ portfolio have a carbon impact of just 1.3 tonnes of CO2 pa compared with the average UK home emitting 6.0 tonnes pa.

Properties within the Hearthstone portfolio are aimed at providing groups such as key workers and young families on average incomes an opportunity to benefit from high-quality, well-maintained homes in attractive locations.

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