Square Roots, which is owned by London Square, has become a registered provider of affordable housing for rent and shared ownership.
The company aims to secure £1.5bn of capital to deliver 3,500 homes in the next six years. It has already secured £13.6m of funding for its first three projects, working with the Greater London Authority as an investment partner.
Barbara Richardson, managing director of Square Roots, said: “We will continue to develop and nurture our relationships with local authorities and build on already strong existing relationships with the institutional investor community to secure capital funding.
“While remaining arms-length, our unique relationship with London Square will enable us to deliver high-quality affordable housing with exceptional customer care, while empowering residents to influence the services provided.
“We want to build communities our customers are proud to live in and set down roots and enhance this great city’s legacy of people, places, and buildings.”
The company has committed £266m of capital for 694 affordable homes, 437 of which are already under construction in Lewisham, Barnet, and Kingston (pictured).
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