New Avenue Living Greater Manchester Fund (Thriving Investments)

SRI Style:

Social Style

SDR Labelling:

Working towards adopting label

Product:

Other

Fund Region:

Fund Asset Type:

Property

Launch Date:

01/03/2025

Last Amended:

Dialshifter ():

Fund/Portfolio Size:

£m

Primary fund last amended:

Information directly from fund manager.

Sustainable, Responsible &/or ESG Policy:

Strategy: Essential Worker Housing. Forward fund / forward commit. Lease and hold

Investors: Greater Manchester Pension Fund, Better Society Capital, Places for People Group

Launched in March 2025 with a loan from Greater Manchester Combined Authority and initial investment from Greater Manchester Pension Fund, Better Society Capital and Places for People Group.
Essential worker rental strategy.
A unique, place-based inflation-linked strategy, targeting the delivery of over 1,000 high-quality, sustainable and energy efficient affordable homes.
Let at a discount to open market rents, this strategy forward funds developments and delivers them to the market as essential worker housing, selecting locations that are close to key centres of employment within the Greater Manchester area.
Initial sites being assessed with the Heads of Terms agreed for the first site, a major brownfield regeneration site in Bolton
Portfolio will be managed by Touchstone Property Managers, a Places for People business.

(Source: Thriving Investments website, as at November 2025)

SDR Labelling:

Working towards adopting label

Literature

Thriving Investments website

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Fund Name	SRI Style	SDR Labelling	Product	Region	Asset Type	Launch Date
New Avenue Living Greater Manchester Fund (Thriving Investments)	Social Style	Working towards adopting label	Other	UK	Property	01/03/2025

Information received directly from Fund Manager
Please select what you would like to read: Sustainable, Responsible &/or ESG Policy: Strategy: Essential Worker Housing. Forward fund / forward commit. Lease and hold Investors: Greater Manchester Pension Fund, Better Society Capital, Places for People Group Launched in March 2025 with a loan from Greater Manchester Combined Authority and initial investment from Greater Manchester Pension Fund, Better Society Capital and Places for People Group. Essential worker rental strategy. A unique, place-based inflation-linked strategy, targeting the delivery of over 1,000 high-quality, sustainable and energy efficient affordable homes. Let at a discount to open market rents, this strategy forward funds developments and delivers them to the market as essential worker housing, selecting locations that are close to key centres of employment within the Greater Manchester area. Initial sites being assessed with the Heads of Terms agreed for the first site, a major brownfield regeneration site in Bolton Portfolio will be managed by Touchstone Property Managers, a Places for People business. (Source: Thriving Investments website, as at November 2025) SDR Labelling: Working towards adopting label Literature Thriving Investments website