29 April 2024, London: Hearthstone Investments, an investment manager focused on affordable private rented housing in the UK, has acquired 45 new houses in Exmouth.
The properties, near the South West Coastal Path in East Devon, were purchased from 3West Group, on their Goodmores scheme.
3West Group is a privately owned, regional SME developer, operating across the South West of England.
Hearthstone Investments’ proposition focuses on the delivery of private rented housing for people on average incomes. The investment strategy aims to build regionally diversified portfolios of houses and low-rise apartment blocks in areas of particular supply/demand imbalance. The company manages capital on behalf of institutional investors, predominantly UK Local Government Pension Schemes.
Source: press release sent 29 April 2024