The UK’s largest housebuilder is selling a portfolio of show homes to an investor to help create the UK’s first residential property fund authorised by the Financial Services Authority (FSA).
The deal will see Barratt sell the show homes to Hearthstone Investments and then lease them back until its developments are completed.
Initially the properties will be placed into the fund, equating to £22.5m of ‘seed funding’, with Barratt initially given shares in return. The d...
