This six-site portfolio includes over 200 houses throughout the Midlands and South West.

The acquisition was carried out on behalf of the £750m joint venture formed by GREYKITE and Gatehouse in November 2024.

This JV formed with an initial 11-site seed portfolio, also acquired from Persimmon.

In total, the JV has now completed the forward purchase of nearly 650 homes across 17 sites in England.

“These homes, in locations that perfectly align with the JV’s investment strategy, represent superb additions to the growing portfolio,” commented Paul Stockwell, group managing director at Gatehouse.

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“With the quality of homes it has already delivered, Persimmon has shown itself to be an ideal delivery partner, and we look forward to further deals in the future.”

Michael Abel, founder and CEO at GREYKITE added: “We continue to deploy capital at pace on behalf of our UK SFR strategy, reflecting our high conviction in a sector benefiting from compelling demographic and societal tailwinds.

“We look forward to further expanding this differentiated platform in the UK residential space, where there is increasing recognition of the critical role that private capital will play in delivering much needed homes.”