Why this is on salient
Most property deals ask you to underwrite a market. This one is closer to a contracted income stream: new-build supported housing, leased long-term to Registered Providers, with rent ultimately funded by UK government housing benefit. What stood out to me is the discipline of the model, buying below market and only once a housing partner has confirmed demand, and the gap between the yield this is being assembled at and where comparable institutional portfolios are valued once let and managed.
About
A UK supported-housing business assembling a portfolio of new-build, freehold properties leased to Registered Providers on long-term, government-backed leases. Rental income is inflation-linked and ultimately underwritten by UK housing benefit through the Department for Work and Pensions, producing resilient long-dated income alongside genuine social impact.
The team
Thomas Williams has spent over 20 years structuring and selling long-term, government-backed income to institutional investors and pension funds. His focus is the disciplined assembly of long-income property assets that deliver contracted, inflation-linked returns.
Over 20 years structuring long-term, government-backed income for institutional investors and pension funds.
Duncan Bannatyne is a board member and shareholder in the business.
What the market is saying
From the market
News
Demand outstrips supply in supported housing as England is short of up to 388,100 homes
The National Housing Federation estimates England needs between 179,600 and 388,100 additional supported homes, including 91,100 for working-age adults and up to 297,000 for older people, typically funded through long-term, DWP-backed leases carrying negligible void risk.
News
Supported living acquisitions boom as Social Housing REIT buys £108.3m senior living portfolio
Social Housing REIT’s £108.3 million acquisition adds more than 2,100 senior-living flats, significantly expanding its scale and exposure to long-duration, inflation-aligned income. The deal is expected to deliver high-single-digit earnings accretion in its first full year.
