Gatehouse Invesment Management has acquired 127 single-family rental (SFR) properties from Avant Homes for £26 million as part of its joint venture with global investment firm Carlyle (NASDAQ: CG).
Avant will deliver 45 homes at its Pavilion Acres development in Walsall, 42 at Eden Fields in Edenthorpe, Doncaster, and 40 at Bennerley View in Awsworth, Nottinghamshire. The agreement is the first of its type between Avant Homes and Gatehouse IM.
The two-, three- and four-bedroom plots are already under construction, with first completions expected next October and the final homes handed over by February 2026. All three locations provide access to good transport links and excellent new amenities, with the homes having an EPC rating of ‘B’ or higher as part of Gatehouse IM’s commitment to sustainability.
The joint venture between Gatehouse IM and Carlyle has completed the purchase of, or is under offer on, over 820 homes nationwide. Day-to-day management will be undertaken by Ascend, the UK’s largest third-party operator of SFR, which oversees 7,500 institutional SFR homes, around two thirds of the entire asset class.
John Coles, Director of Acquisitions at Gatehouse IM, said: “We are pleased to have signed our first deal with Avant, which has a fantastic track record of delivering the sort of high-quality homes in well-amenitised locations that we target. We look forward to the homes being delivered and working with Avant on future transactions.”
Anssi Halonen, Managing Director and Head of Acquisitions on the Carlyle Europe Realty advisory team, said: “We are delighted to make these additions which bolster our UK residential platform, alongside our partners Gatehouse. These high-quality homes will be a key component of the housing mix in their respective communities, and exemplify our strategy of identifying well-located, quality assets in markets with attractive underlying supply and demand fundamentals.”
