Gatehouse IM acquires SFH BTR homes from Bellway

71 of Bellway’s new homes in Horwich have been acquired by Gatehouse Investment Management (Gatehouse IM) for its single-family Build to Rent portfolio.

Single-family Build to Rent home at the Barton Quarter scheme. Gatehouse IM has acquired several homes here | BTR News
Single-family Build to Rent home at the Barton Quarter scheme. Gatehouse IM has acquired several homes here.

Gatehouse IM has unconditionally exchanged on the acquisition of 71 homes in Horwich, near Bolton, from Bellway Homes for its single-family Build to Rent portfolio.

Located at Bellway’s Barton Quarter, the scheme contains two- and three-bedroom homes situated to the south of Horwich town centre, which offers strong local amenities and easy access to both the M61 and central Manchester by train.

Construction at Barton Quarter has started, and completion of the homes is expected by early 2026.

“UK PRS has long been at the vanguard of the single-family Build to Rent sector, and these new acquisitions underline the ongoing appetite to bring new locations into the portfolio. Bellway has a strong track record in delivering high-quality family homes, with Barton Quarter having all the hallmarks of a UK PRS site: robust local demand, strong local employment sources, access to vital infrastructure such as schools and hospitals, and excellent transport links.”

John Coles, Head of Acquisitions, Gatehouse IM

For Gatehouse IM, the latest acquisition brings its platform to over 820 homes – located across ten sites in Greater Manchester, Merseyside, and the West Midlands – operated under the DifRent brand.

As part of UK PRS’ commitment to sustainability, the homes acquired at Barton Quarter will have an EPC rating of ‘B’ or higher.

“Careful planning has gone into these proposals to create a high-quality, sustainable neighbourhood with designs that reflect the history and heritage of the site. Rivington Chase is a truly special development that is transforming a derelict brownfield site into a neighbourhood that celebrates the history and heritage of the Loco Works and provides a destination for local people and we are delighted to have reached this agreement with Gatehouse Investment Management to provide energy efficient homes.”

George Stevenson, Land Director, Bellway Homes Manchester

Lettings and property management of the UK PRS portfolio is undertaken by Ascend Properties, with the new homes at Horwich coming under its mandate on their completion.

This acquisition follows the recent £78m refinancing of the portfolio with Legal & General Investment Management, a facility that will enable the implementation of environmental performance improvements and provide space for expansion if suitable opportunities arise.