Hearthstone Investments’ private equity fund, Hearthstone Residential Fund 2 (HRF2), has snapped up residential properties in Derby as part of £93 million worth of acquisitions over the past year for the private rented housing specialist.
66 properties have been acquired on the Kedleston Grange Estate in Allestree, Derby.
A cross-office multi-disciplinary team of lawyers from Womble Bond Dickinson (WBD) advised Hearthstone, led by real estate partner, Tom Willows, and associate, Stephanie Mallery, with support from Josh Fraser (planning solicitor), Chelsie Rapley (trainee solicitor), Abigail Langstaff (apprentice solicitor) – all based in Newcastle – Fiona Oliver (solicitor, Southampton) and Ben Brooks (associate, Plymouth).
Hearthstone is a long-standing client of WBD with the firm having advised the company from 2019 to 2022 on significant multi-site deals with national housebuilders.
Helen Simons, investment director at Hearthstone Investments, said: “Our growing portfolio now numbers over 1,800 houses and apartments, in targeted communities across the country.
“In partnership with our investors, we are committed to ensuring those who choose to rent their homes can benefit from some of the best stock in their local area, with the confidence that their homes will be energy efficient, well maintained and well managed.”
