Gatehouse IM acquires Oaklands SFR BTR homes

Gatehouse IM and Carlyle Group's joint venture acquires Oaklands single-family rental (SFR) Build to Rent homes in Gloucester.

Image of what the new homes at Oaklands are set to look like | Gatehouse IM | Vistry Group | Carlyle | BTR News
Image of what the new homes at Oaklands are set to look like.

Single-family Build to Rent specialist Gatehouse Investment Management has acquired 50 homes at the Oaklands developments in Gloucester from Vistry Group, as part of its joint venture with global investment firm Carlyle.

The 40 three-bedroom and ten four-bedroom family homes are located in Hardwicke to the southwest of Gloucester city centre. The properties are being developed by Vistry Cotswolds under the Bovis Homes brand.

“We are pleased to have closed out another deal with Vistry Group, and our first including properties under its Bovis Homes brand. Oaklands is a vibrant, established community that will be a great addition to the portfolio of homes acquired as part of the Gatehouse IM and Carlyle Group joint venture. Lease-up on site has already commenced, and we look forward to receiving more quality handovers from our housebuilder partner in the coming months.”

John Coles, Head of Acquisitions, Gatehouse IM

The new homes are the final properties to be delivered by Vistry at the site. As part of Gatehouse IM’s commitment to sustainability, all the homes will have an EPC rating of ‘B’ or higher.

Oaklands is a highly successful development, with a well-established local primary school, good transport links and strong local employment opportunities.

“The UK housing sector continues to present compelling investment opportunities given its underlying supply and demand fundamentals. The acquisition of the homes at Oaklands, with our partners Gatehouse IM, represents a high-quality addition to our growing single-family housing portfolio and helps provide modern and professionally managed rental housing to families in Gloucester.”

Tristan Freeman-Sear, Vice President – Advisory team, Carlyle Europe Realty

The transaction represents the first investment in the southwest region by Gatehouse IM and Carlyle, with the homes being delivered between December 2023 and April 2024. Once complete, the homes will be managed by Ascend Properties, the UK’s largest lettings and property manager of SFR.

“Oaklands has been an extremely popular location with housebuyers due to the high-quality homes, green space, and range of facilities on its doorstep. I am sure these factors will make it just as appealing to local families looking for a modern and energy-efficient rental property in a desirable and well-connected location. We are pleased to be working in partnership with Gatehouse IM to deliver these quality new-build homes for the build to rent market in Gloucester.”

Supriya Ray, Regional Managing Director (MD), Vistry Cotswolds