Deal Snapshot
Residential Secure Income Makes First Acquisition Under Homes England Investment Partner Status
Thursday 17 September 2020

UK-based affordable shared ownership, retirement and local authority housing investor Residential Secure Income plc (LSE: RESI) has acquired six new build homes for delivery as shared ownership from Metropolitan Thames Valley Housing, for a total consideration of GBP 1.6m (USD 2.07m), the company said.

This is ReSI's first acquisition of homes outside London that has been part-financed by a government grant, utilising the Homes England Investment Partner status that ReSI was awarded in March. Its GBP 4.7bn Shared Ownership and Affordable Homes Programme 2016-21, is designed to support housing at below-market rent levels, including shared ownership.

Date Published: 17/09/2020