New Avenue Living is Thriving Investments essential worker strategy. Delivering additional affordable homes through unique partnerships with government and local authorities and partnering with developers to accelerate the delivery of much needed homes on brownfield regeneration sites.
Explore our funds
- Launched in March 2019 with a loan from the Scottish government and initial investment from Strathclyde Pension Fund and Places for People Scotland.
- Scottish affordable homes for rent strategy.
- A unique, place-based inflation-linked strategy, targeting the delivery of over 1,000 high-quality, sustainable and energy efficient affordable homes.
- Let at a discount to open market rents (Mid-Market & Rent tenure), this strategy forward funds former market-value developments and converts them into key worker housing, selecting locations that are within close commuting distance of major Scottish city centres.
- Eleven sites across Edinburgh, Leith, Glasgow, Paisley, and Midlothian, with 742 homes delivered, a further 449 currently under construction.
- Portfolio is managed by Touchstone Property Managers, a Places for People business.
- To date, the Fund has delivered attractive returns for investors via a strong linkage to the Consumer Price Index (CPI) and a tangible social benefits.
- Launched in March 2025 with a loan from Greater Manchester Combined Authority and initial investment from Greater Manchester Pension Fund, Better Society Capital and Places for People Group.
- Essential worker rental strategy.
- A unique, place-based inflation-linked strategy, targeting the delivery of over 1,000 high-quality, sustainable and energy efficient affordable homes.
- Let at a discount to open market rents, this strategy forward funds developments and delivers them to the market as essential worker housing, selecting locations that are close to key centres of employment within the Greater Manchester area.
- Initial sites being assessed with the Heads of Terms agreed for the first site, a major brownfield regeneration site in Bolton
- Portfolio will be managed by Touchstone Property Managers, a Places for People business.
We are delighted to have secured the Financial Conduct Authority (FCA) Sustainability Impact label for the Scotland fund and are in the process of applying for the Greater Manchester fund. Sustainability Impact is designed for funds which achieve a positive, measurable impact on the environment or society, in our case the provision of energy efficient, affordable homes.