Housing investment firm expands with London opening

The office in Fora, Soho

HSPG, a Manchester-based social housing investment firm, has expanded into London following a period of rapid growth and success.

The group, founded in 2015 by real estate entrepreneurs Guy Horne and David Searle, has opened a new office at Fora in Soho that has led to the creation of five jobs.

The expansion has come following HSPG’s success in investing more than £200m into the supported housing sector, meeting the demand from thousands of vulnerable individuals.

Subsequently, HSPG are looking to replicate its success and further its social impact by investing £100m into affordable housing each year, for the next five years.

Guy Horne, co-founder and director, said: “Establishing a new office in London will help us continue our growth trajectory – giving us access to a broad and deep talent pool in the local area.

“Last year, we achieved our 2022 target of delivering 2,500 new bed spaces for vulnerable people across England. We see this as an opportunity to grow our team and presence across the UK.”

The move coincides with the appointment of Michael Pearson, the former CFO of two Blackstone real estate platforms – Invitation Homes and more recently Sage Housing. Michael has joined HSPG as CFO and is leading on the strategy and fundraising for affordable housing.

He said: “I am thrilled to be joining HSPG and looking forward to working with Guy, David and the team as they continue their journey with this exceptional brand.

“What makes HSPG unique is that there is a focus on all types of social housing investment – ranging from investment into supported housing, affordable housing and asset management.

“The business has a very exciting future with significant opportunities to continue its tremendous growth.”

Michael Pearson

David Searle, co-founder and director of HSPG, said: “We’re delighted to announce Michael as our new CFO and look forward to welcoming him into our group in the coming months.

“Michael’s vast experience and knowledge of the sector will undoubtedly play a vital role in the continued success of HSPG.”

HSPG’s mission is to address the huge undersupply of affordable and supported housing across England. This has inspired its recent investment to provide urgent housing for NHS workers and create additional affordable housing across the country.

The next goal is to deliver 5,000 new affordable homes within the next five years by partnering with national housebuilders to acquire new-build units, facilitating shared ownership and low-cost rental homes for individuals and key workers.