Gresham House, the specialist alternative asset manager, has strengthened its growing housing division with two senior hires – Narvinder Khossa as head of origination and Brandon Holloway as deputy fund manager.
The division currently manages several investment vehicles, including the London Stock Exchange Main Market listed Residential Secure Income plc (ReSI plc), a limited partnership that invests in affordable shared ownership and is aimed at pension fund investors (ReSI LP), and the Gresham House BSI Housing Fund.
Ben Fry, head of housing investments, Gresham House, said: 'We are thrilled to welcome Narvinder and Brandon onboard at such a critical moment for the UK housing sector. As Britain’s affordable housing crisis deepens, demand for affordable housing options to buy, rent or retire in will surge.
'Narvinder and Brandon’s deep sector experience will be paramount to helping meet this demand and provide good quality housing for the countless communities in need throughout the country.'
Khossa arrives from ilke Homes with more than 23 years’ experience of commercial and residential property development in the UK. Over the last 15 years, she has delivered high-quality residential schemes for public and private sector developers and landlords, including Sage Housing, Southern Housing Group and Morris Homes.
She is expected to lead origination across Gresham House’s listed and unlisted housing investment vehicles, reporting into Alex Pilato, managing director and head of the housing division.
Holloway, who has more than a decade of experience in real estate investments and corporate finance, will co-manage ReSI plc and ReSI LP alongside Fry, taking responsibility for the strategy implementation, operational oversight and investor reporting of each strategy, as well as overseeing fund deal flows.
He joins Gresham House after spending seven years at Singerman Real Estate, where he was focused on retirement housing investments.
The hires follow Gresham House’s recent investor update, in which the group stated its intention to double the value of its investments in managed housing assets from £700 mln (€820 mln) to £1.4 bn within three years, through existing funds including ReSI plc and ReSI LP, and additional investment through the group’s existing build-to-rent platform.
