Hearthstone investments partners with Countryside for delivery of private rented housing in Bishop’s Stortford
Hearthstone Investments, a specialist in private rented housing, has agreed the purchase of 31 houses in Bishop’s Stortford with the Countryside Partnerships team.
Located on the southern edge of the Hertfordshire market town of Bishop’s Stortford, the St James’ Park development will eventually include over 750 homes, a care home and a business park and is close to local shops, two well rated schools and leisure facilities. Outdoor spaces will include children’s play areas, plus a wildlife corridor and public green space.
Helen Simons, Investment Director at Hearthstone Investments, said: “The excellent work between Countryside Partnerships and Hearthstone Investments has resulted in this first transaction – hopefully with many more to come. We really enjoyed the collaboration with their team with a mutual understanding of the demands for good quality and energy-efficient private rental housing.”
Verity MacMahon, Countryside, Managing Director, Home Counties North, comments: “Working with a reliable, responsive and committed specialist such as Hearthstone Investments for the new neighbourhood at St James’ Park ensures not only that a proportion of high-quality new homes will be available for much-needed private renting housing, but also that the development continues to meet the needs of the local community.”
“Hearthstone Residential Fund 2” raised £152m at its final close in December 2021. Deployment for the fund is well advanced, with investments to date in a regionally diversified portfolio of UK private rented housing in 20 locations. This acquisition brings the total homes managed across Hearthstone Investments’ portfolio to over 1,600.
About Hearthstone Investments
Hearthstone Investments is an investment manager entirely focused on private rented housing in the UK.
Across a range of funds and segregated mandates, Hearthstone Investments manages capital on behalf of UK Local Government Pension Schemes, as well as other institutional and private investors.
The team oversees an income generating portfolio of over 1,600 homes across England, Wales and Scotland with the aim to deliver resilient income and capital growth for investors.
Investments by Hearthstone Investments have increased the provision of energy efficient and well-maintained rental homes affordable to tenants in areas with an undersupply of good quality rental housing. Homes managed by Hearthstone Investments are rented by residents on average salaries, many of whom are key workers.
Hearthstone Investments is committed to working with housebuilders in the transition towards net zero. Residential assets managed by Hearthstone Investments emit an average 1.3 tonnes of CO2 annually, significantly below the national average of 6 tonnes.
A pioneer in the sector with its first fund launched in 2012, the team at Hearthstone Investments brings a decade of experience and a demonstrable track record. Its success is based on long term relationships with investors, residents, housebuilders and agents.
For further information, visit https://www.hearthstone.co.uk
About Countryside Partnerships
In November 2022 Countryside Partnerships merged with Vistry Partnerships, to form one of the country’s leading mixed-tenure developers as part of Vistry Group. The combined business incorporates over 40 years’ experience of collaborative working with partners in both the public and private sectors.
In partnership with housing associations, public bodies, landowners and institutional private rental operators, Countryside Partnerships delivers multiple tenures, including affordable homes, build to rent homes and homes for private sale. The company maintains a strong focus on place-making, designing places people love to create long-term sustainable communities across the UK, including some of the country’s most complex regeneration and master planned sites.
Countryside Partnerships is part of Vistry Group PLC which also includes Vistry Housebuilding, and housing brands Bovis Homes and Linden Homes.
The Group has been awarded the 5 Star Rating by the Home Builders Federation following the latest home building industry’s Customer Satisfaction Survey.
For more information see www.countrysidepartnerships.com or follow @Countryside_PS on Twitter.