Hearthstone Investment Management Ltd

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24 new build homes acquired in deal worth £18m

Date 11th January 2019
Source TheBusinessDesk.com (Yorkshire edition)
Type News article

24 new build homes in Pontefract has been acquired by a private equity fund as part of a deal worth nearly £18m. Hearthstone Investment Management Limited announced its private equity fund, Hearthstone Residential Fund 1 (HRF1), exchanged contracts for the purchase of 81 houses for a total of £17.9m from two housebuilders. HRF1 has purchased 72 two, three and four-bedroom houses scheduled to be completed in 2019 for a phased delivery between January and December.

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