Gatehouse IM acquires £26m SFH portfolio

Avant Homes has sold a portfolio of 127 single-family rental homes to a joint venture between Gatehouse Investment Management and Carlyle for £26m. The deal will see the delivery of 45 homes at Avant’s Pavilion Acres development in Walsall, 42 homes at Eden Fields in Edenthorpe, Doncaster, and 40 homes at Bennerley View in Awsworth, Nottinghamshire. The agreement is the first of its type between Avant Homes and Gatehouse IM. The two-to-three bedroom homes are already under construction, with first completions expected next October and the final homes handed over by February 2026. The joint venture between Gatehouse IM and Carlyle has completed the purchase of, or is under offer on, more than 820 homes nationwide. Day-to-day management will be undertaken by Ascend, which oversees 7,500 institutional SFR homes, around two-thirds of the entire asset class. Timothy Pegg, Avant Homes Group property and multi-tenure director, said: “Our PRS offer forms an important part of our growth strategy to better serve the needs of our customers and their communities. We are therefore very pleased to have secured this first deal with such highly regarded and established players in the PRS sector as Gatehouse IM and Carlyle. We hope it is the first of many as we continue to expand our multi-tenure business to deliver quality homes for everyone which are affordable and meet a range of housing needs.” Anssi Halonen, managing director and head of acquisitions on the Carlyle Europe Realty advisory team, said: “These high-quality homes will be a key component of the housing mix in their respective communities, and exemplify our strategy of identifying well-located, quality assets in markets with attractive underlying supply and demand fundamentals.”