The units will be delivered across two sites, in Thurston, Suffolk and Littleport, Cambridgeshire.

This investment has been made via the Octopus Affordable Housing Fund and is the first direct transaction between Octopus Capital and Barratt Redrow.

The schemes will provide a mix of 78 homes for affordable rent and 32 for shared ownership.

Across the two sites, the schemes will deliver 100 high-quality houses, six maisonettes and four bungalows on a freehold basis. Homes will range from one to four bedrooms, supporting individuals, couples and families.

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Construction will be phased, with handovers at Thurston expected between April 2026 and June 2028, and at Littleport between September 2026 and December 2028.

“This transaction reflects a shared commitment to increasing the supply of high?quality affordable housing,” said Coner Anderson, investment manager at Octopus Capital.

“Through the Octopus Affordable Housing Fund, we continue to deploy long?term capital to bring forward energy?efficient homes that respond to local housing needs.

“We look forward to building on our relationship with Barratt Redrow and working closely with our management partner, Flagship.”