Pinnacle Group develops affordable housing management portfolio with new contracts for Octopus-backed NewArch homes

Wednesday 15th January

NewArch Affordable Housing Development, Peterborough

Pinnacle is continuing to expand its nationwide affordable housing management portfolio after securing a partnership for-profit registered provider, NewArch Homes.

This growth is backed by substantial investment from Octopus Investments Ltd, known for their long-term commitment to delivering high-quality housing. 

NewArch Homes, established in 2014, is dedicated to providing much-needed affordable homes through social rented, affordable rented, and shared ownership schemes.  

Under the agreement, Pinnacle will manage a total of 59 homes across two locations, including 26 homes in Peterborough, and 33 homes in Exeter. The portfolio consists of a mix of affordable rent and shared ownership properties, providing diverse housing options for those in need.

Pinnacle will provide a full complement of housing management services, ranging from tenant on-boarding, tenancy management, building compliance, defect management, maintenance and void management.

"We’re excited to start work on this new portfolio, working in collaboration with NewArch. By managing these additional homes, we have an opportunity to further our mission of supporting local communities. Our partnership with NewArch allows us to provide more families with access to high quality affordable housing."
Claire Kober
Managing Director - Homes for Pinnacle Group

In addition to the Peterborough and Exeter sites, NewArch has a robust pipeline of 119 homes, bringing their total portfolio to 178.

"We are happy to announce our partnership with Pinnacle Group, which represents the significant expansion of our affordable housing portfolio. This collaboration underscores our joint commitment to providing high-quality affordable homes and services to communities in need. With Pinnacle's expertise in housing management, we are confident that these new homes in Peterborough and Exeter will greatly benefit local families and contribute to the overall wellbeing of these communities. This is a pivotal step in our mission to deliver much-needed affordable housing solutions at pace for UK households."
Georgia Kirby-Watt
Operations Director, NewArch Homes

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