Goodstone joins forces with former Essential co-founder in debut deal
Macquarie-backed Goodstone Living has agreed its first BTR investment, teaming up with former Essential Living colleague Scott Hammond for a £130m scheme in Birmingham.
Goodstone Living founders Darryl Flay and Martin Bellinger established Essential Living with Hammond a decade ago.
This year they launched Goodstone with Macquarie, with a mandate to deploy £1bn in BTR.
Macquarie-backed Goodstone Living has agreed its first BTR investment, teaming up with former Essential Living colleague Scott Hammond for a £130m scheme in Birmingham.
Goodstone Living founders Darryl Flay and Martin Bellinger established Essential Living with Hammond a decade ago.
This year they launched Goodstone with Macquarie, with a mandate to deploy £1bn in BTR.
Goodstone agreed to acquire the 480-home Camp Hill Gardens scheme in Birmingham, which was granted planning at appeal earlier this year.
Martin Bellinger, principal at Goodstone Living, said: “As the UK’s second-largest city by population, Birmingham benefits from a large and growing pool of potential residents demanding high-quality, purpose-built and professionally managed rental accommodation.
“This makes Birmingham the perfect place for our first development project, and we look forward to transforming Camp Hill Gardens into a vibrant residential community, while also celebrating Digbeth’s rich industrial heritage.”
Scott Hammond, founder and chief executive at Eutopia Homes, said: “While we have seen significant investment in the area since we acquired the site in 2018 with Chenavari Investment Managers, we believe that the future regeneration prospects for Digbeth are second to none – a passion shared by the Goodstone team.”
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Image © Eutopia Homes
