Universities Superannuation Scheme to acquire Sage Homes' 3k shared ownership homes from Blackstone and Regis Group for £405m.

Universities Superannuation Scheme, a pension fund, agreed to acquire Sage Homes' 3k shared ownership homes from Blackstone and Regis Group, a property investment company, for £405m. “Sparrow Shared Ownership will provide further capital into the UK shared ownership sector, and we look forward to supporting the Sparrow team in delivering on their vision for the organisation. This investment allows USS to use its long term capital to support the multi-decade nature of Sparrow’s business plan whilst supporting the UK Social Housing Sector," Eamon Ray, USS Head of Private Credit.