Pinnacle Group Expands Affordable Housing Portfolio with 250 New Homes

Monday 19th August

Pinnacle is set to offer more affordable accommodation across the country after boosting its portfolio by 250 homes, funded by CBRE Investment Management.

The homes – developed by national housebuilder, Persimmon – will fall under Pinnacle Spaces, one of the company’s two Registered Providers, who will act as landlord, with the wider Pinnacle Group providing management services.

Registered in 2012, Pinnacle Spaces aims to increase the supply of high-quality, well-managed affordable housing across England and Wales.

It achieves this through a unique combination of access to large-scale funding through partnerships with institutional investors, alongside effective utilisation of Pinnacle Group’s tried and tested operating platform.

Over the coming months, the new homes will be available to local people in Burgess Hill, Mid Sussex; Weston, Spalding; Wantage, Oxfordshire; and Exning, Newmarket.

“We have a strong track record of not only delivering high-quality, well-managed homes but offering a trusted platform for investors to generate positive social outcomes alongside achieving stable financial returns. We are thrilled to integrate these properties into our portfolio to provide new affordable housing for families across the country and foster communities that people are proud to call home.”
Claire Kober
Managing Director - Homes for Pinnacle Group
“We are immensely proud to announce this partnership with Pinnacle Spaces and Persimmon in which CBRE Investment Management purchased a mixture of affordable and shared ownership units. This project is another step toward our commitment to helping solve the affordable housing crisis in the U.K. Through our institutional capital, we can start to bridge the gap between the current mismatch between the demand and supply of quality affordable housing whilst meeting investor returns.”
Andrew Davey
Head of Liability-Aware Strategies and Affordable Housing for CBRE Investment Management

The homes – a mix of social rent and shared ownership – will be offered to those on social housing waiting lists, providing them with quality accommodation while reducing pressure on local authorities.

The additions will increase Pinnacle Spaces portfolio to around 500 homes, with an upcoming pipeline expecting to swell numbers to over 1000 in the coming months.

This expansion underscores Pinnacle Group’s commitment to addressing the housing crisis and supporting communities by providing sustainable and affordable housing solutions.

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