Our funds

New Avenue Living

Back to Funds
New Avenue Living Oxgangs Green, Edinburgh

Size of fund: £200m+

Strategy: Forward fund, lease and hold

Investors: Strathclyde Pension Fund, Scottish National Investment Bank, Nationwide Pension Fund, Places for People Scotland.

  • 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.
  • Nine sites across Edinburgh, Leith, Glasgow, Paisley, and Midlothian, with 585 homes delivered and a further 486 currently on site.
  • 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.

Find out more about New Avenue Living

Contact Us


Stay informed!
Never miss an update.

The latest news, articles, and resources, sent to your inbox.