Thistle was the first professionally managed single-family housing (SFH) portfolio of scale in the UK.
After a successful hold period, an exit was achieved to Goldman Sachs, exceeding prescribed return hurdles and establishing Alvesta Investment Management as a market leader in the SFH sector.
Homes
Neighbourhoods
Transaction
Occupancy
In April 2022, the sale of Project Thistle was named “Deal of the Year” by the Insider North West Residential Property Awards.
Peter Burns, Managing Director, UK Capital Markets, CBRE.
Fully funded c.£110m total investment
Completed c.£8.3m contracted gross rent as of H1 2020
c.£150m disposal
