Our joint venture, the Gresham House Residential Secure Income platform (ReSI LP Homes fund), has enjoyed a busy and exciting few months, reaching key project milestones and welcoming partners and stakeholders for a number of important events and visits.
Our Cam development has officially broken ground; Chippenham hosted an investor site visit and our Clapham Park project in London recently celebrated its topping-out ceremony.
With Thriving Investments recently reaching the milestone of more than 5,000 homes under management across our portfolio, these successes are even more meaningful for the business, as well as our partners and communities.
Each project we deliver is shaped by our four guiding principles, ensuring we continue to deliver thriving, sustainable communities across the UK and these latest ReSI achievements are no exception.
Read on to discover more about the milestones we’re celebrating.
Breaking ground on 266 new homes in Cam, Gloucestershire
In partnership with Vistry, we’ve officially broken ground at our Cam development, delivering 160 Thriving Investment Homes within the broader 266-home scheme. These 160 affordable homes will offer a mixed tenure comprising 90 shared ownership, 40 affordable rent and 30 social rent properties, helping to create a balanced and sustainable new neighbourhood. The remaining 160 homes on the scheme will be available for open market sale through Vistry’s housebuilding brand Linden Homes.
During the site visit, the team had the opportunity to meet with investors and partners, while seeing firsthand our commitment to placemaking, creating vibrant communities, and addressing the housing crisis through thoughtfully designed, sustainable developments.
Ben Fry, Fund Manager, Gresham House Thriving Investments Residential Secure Income LP, said: “The homes set to be built in Cam are a best-in-class example of our commitment to environmental performance and social value, as well as our successful partnership with Vistry Group. Working in partnership with Gloucestershire Pension Fund, this scheme addresses real economic and social needs for housing in Gloucestershire and demonstrates the power of bringing forward place-based capital to deliver positive impact for communities.”
Investors visit to Foundry Lane, Chippenham
We’ve also had the pleasure of hosting our investors for a site visit to our Foundry Lane development site in Chippenham. Booted up and equipped with safety hard hats, the group enjoyed a full walking tour of the site to see some of the high-quality homes currently under construction.
Developed in partnership with Vistry, the Chippenham site is transforming a former industrial brownfield near the local train station into a vibrant, community-focused neighbourhood. This development addresses the growing demand for housing by providing modern, sustainable homes that are well connected to key transport routes, while revitalising the area and creating a welcoming space for residents.
It was fantastic to see the development in person, showcasing how our investment is setting a new standard, offering modern, high-quality, energy-efficient homes as part of a healthy thriving community.
Clapham Park regeneration delivering new homes for London
Over at Clapham Park, we’ve celebrated a major milestone with the topping out of 323 new homes, marking an important step forward in the regeneration of southwest London.
The project is led by a joint venture between Metropolitan Thames Valley (MTVH) and Vistry Group PLC. As part of the regeneration, our ReSI LP fund has committed £53 million via a forward funding agreement, for the development of 122 shared ownership homes.
The event welcomed Counciler Claire Holland, Leader of Lambeth Council and Tom Copley, Deputy Mayor of London for Housing, and was a great chance to see firsthand how one of London’s biggest regeneration projects is delivering homes in some of the areas where they’re needed most – creating a strong, vibrant community that’s transforming the local area.
The latest phase brings the number of homes now completed or started at Clapham Park since 2022 to 843, representing over a third of the 2,500 new homes included in the 2019 Clapham Park Masterplan.
More than 400 of these 843 homes will be affordable tenures, providing new opportunities for families, many of whom are original residents of Clapham Park now moving back to new, higher quality homes.
Ben Fry, Fund Manager at Gresham House Thriving Investments Residential Secure Income LP, said: “Clapham Park is one of ReSI Homes’ most significant investments to date and directly tackles the shortage of affordable housing in London. As one of the capital’s largest regeneration projects, it’s been fantastic to collaborate with partners and stakeholders to deliver high-quality homes.
“The project’s strong environmental credentials, such as low-carbon heating and extensive green spaces, align with our focus on energy-efficient solutions. Equally, the inclusion of community facilities, employment initiatives, and social value contributions reflects our dedication to creating thriving, inclusive neighbourhoods.“These combined factors made the decision to invest a compelling one, and we’re proud to be working alongside Metropolitan Thames Valley, Vistry, and Lambeth Council to help deliver this transformative project.”
Reflecting on our impact
These developments aren’t just about building homes they’re about creating vibrant, inclusive communities where people can live, thrive and feel at home. With over 5,000 homes now under management, we’re proud to see the tangible impact of our investments and partnerships and we look forward to continuing to shape neighbourhoods that bring real value to residents, partners and investors alike.