Sage Partnerships is a new initiative created to build a large-scale portfolio of social and affordable homes.
Sage Partnerships has been established by Blackstone and will sit beside their existing registered provider, Sage Housing.
Sage Partnerships will focus on bringing much-needed institutional investment to deliver the large-scale development of homes for rent. It will work with local authorities, Government, developers and other Registered Providers of affordable homes to unlock stalled or challenging sites. Sage Partnerships will provide funding and expertise not otherwise available to local authorities and other public sector institutions, while ensuring the public sector retains a leading role.
Sage Partnerships is a response to the recognition that more entrants with access to stable funding are needed in order to tackle the scale and significance of the affordable housing challenge in the UK.