The extent of the UK’s housing crisis and need for new, affordable housing across the country is clear to all. Thriving Investments wants to be part of the solution, by bringing institutional investment to create thriving communities and deliver large-scale regeneration projects, with sustainable, high-quality homes at their centre, via a range of investment platforms and tenures.
We currently manage four Living strategies focused on alleviating the chronic housing shortage across the UK by delivering vibrant neighbourhoods and regeneration projects with social value at their heart.
Our funds are managed on behalf of a diverse mix of investors to deliver suburban build-to-rent/single family housing, essential worker homes at a discount to market, shared ownership homes and urban regeneration projects across the UK.
We are agile and ambitious in our approach, as we look to build on these existing strategies and add new ones.
Gresham House Residential Secure Income
This is our leading affordable housing fund management platform created in partnership with Gresham House to bring forward institutional investment to help meet the Government’s ambitions of increasing housing delivery.
Size of fund: £310m+
Strategy: Shared ownership homes throughout the UK
Partner: Gresham House as AIFM
Investors: Centrica Combined Common Investment Fund, Staffordshire Pension Fund, Wiltshire Pension Fund, Devon Pension Fund, Gloucestershire Pension Fund
Picture Living
Size: £450m
Strategy: Forward fund/buy existing, lease and hold
JV partners: Universities Superannuation Scheme, Places for People
New Avenue Living
Size of fund: £220m+
Strategy: Forward fund, lease and hold
Investors: Strathclyde Pension Fund, Scottish National Investment Bank, Nationwide Pension Fund, Places for People Scotland
igloo Regeneration
This is our thematic investment strategy centred around utilising igloo’s development and placemaking expertise to deliver thriving communities that generate returns over the long term. This strategy is built on the igloo Regeneration Fund established in 2001 by Aviva and igloo Regeneration Ltd, and acquired by Thriving Investments, formerly PfP Capital, in 2018.
Driving Social and Environmental Value
Our track record of incorporating ESG investment considerations into our strategies, from unlocking value through placemaking and brownfield site regeneration to the creation of energy efficient homes as part of thriving communities, has resulted in the following headline attributes across our product.
Gresham House Thriving Residential Secured Income
- Pension Fund investment into high quality additional shared ownership housing;
- Provides an affordable route to home ownership for people on lower and middle incomes with subsidised rents and reduced deposit requirements;
- Strategy prioritises delivering additional shared ownership housing beyond that mandated by planning obligations, supported by government grant funding;
- Delivers new homes that are highly energy efficient as well as driving innovation with the UK’s first ‘zero bills’ homes in partnership with Octopus Energy
- Committed to delivering a best-in-class product for residents and driving best practice across the sector via our Shared Ownership Customer and Environmental Charters,
- Benefits from investing through its wholly owned Registered Provider, ReSI Homes
- Strategy enables investors to deploy locally into specific regions
Picture Living
- Institutional capital investment driving professional management of rental homes
- Acquisition criteria for homes to be within affordability range for average incomes and proximity to public transport
- Rolling programme of retrofits
- Green energy tariffs offered to customers
- Focus on EPC A or B and improving EPC ratings on existing homes
- Professional property management with residents access to a 24-hour helpdesk
New Avenue Living
- Converting 100% homes, previously intended as full market rental homes, to discounted rent for keyworkers (equivalent to between 50-75% of market rent)
- Homes in urban locations that allow keyworkers to live close to places of work
- All homes EPC B or above
- Remediation of brownfield land preferred
- Apprenticeships and job creation on site
- PV in place to provide energy for common areas; additional focus on further on-site energy generation for newer schemes
- Introducing EV charging on several new developments
- Working with community groups to access support from our Places Foundation
igloo Regeneration
- igloo is an award winning B-Corp accredited organisation
- Delivering placemaking and community-led solutions using proprietary Footprint® methodology
- Addressing need for carbon-minimal social housing solutions
- Targeting Zero Bills Homes by 2026
- Brownfield developments sites are prioritised
- Providing a platform for public sector partners to unlock land, deliver social and economic outcomes with financial returns
- Pipeline of developments across key UK cities