Schroders Capital has acquired Ilderton Yard, a 58-home residential scheme in Bermondsey, London, on behalf of the Schroders Capital UK Real Estate Impact Fund (SCREIF).
SCREIF is Schroders Capital’s real estate focused impact fund, which aims to generate positive social outcomes alongside attractive risk-adjusted returns. The fund predominantly focuses on addressing the shortage of UK social and affordable accommodation, the regeneration of declining urban centres and the development of social infrastructure.
Comprising one, two and three-bedroom apartments, the property has been acquired from Tribe Student Housing, a modern purpose-built student accommodation (PBSA) brand in London, and forms part of a wider mixed-use development in Bermondsey.
Schroders Capital said it worked closely with Tribe Student Housing and the London Borough of Southwark to develop innovative solution to enable the homes to be delivered as discounted market rent – unlocking a long vacant building and bringing affordable homes into occupation quickly.
The acquisition marks SCREIF’s second investment through the London discounted market rent (DMR), an affordable housing scheme.
All homes will initially be let at a 30% discount to prevailing market rents for eligible residents. The homes will be offered fully furnished and fitted with modern appliances, allowing residents to move in immediately.
The latest deal follows SCREIF’s recent acquisition of a 48-home affordable housing scheme in Greenwich. Since its launch in October 2024 – with investment from Homes England, the UK Government’s housing and regeneration agency – the fund has deployed over £100m into affordable housing, urban regeneration projects and social infrastructure across the UK.
Chris Santer, head of UK positive impact investment and residential at Schroders Capital, said: “Demand for affordable, professionally-managed housing continues to grow, particularly in areas where rising costs are placing increasing pressure on households earning up to median incomes, such as key workers. Through our UK real estate impact fund, we seek to address this by investing in high-quality residential assets that deliver positive social outcomes alongside stable, long-term income for our investors.
“This acquisition builds on our growing portfolio of DMR homes and demonstrates how institutional capital can play a meaningful role not only in investment portfolios but also in addressing the UK’s housing challenges – delivering sustainable, long-term affordable housing solutions.”
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