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At 29k Asset Management, doing right by our communities and doing right by our investors are part of the same commitment. The portfolio we have built over time alongside our investors is anchored in long-term leases with housing associations and specialist care providers, creating contracted income with social purpose. This statement documents the social contribution of our active portfolio as at May 2026. It is published voluntarily. 29k Asset Management is not subject to mandatory ESG reporting obligations. We publish it because we believe social purpose should be transparent.
Social housing
67%
of 58 active units
Social housing units
39
of 58 total active units
Active towns
7
5 with social housing
Pipeline social units
13
13 pipeline · 52 social on completion
Portfolio breakdown
By tenant type and location
Portfolio unit split · by tenant type
Portfolio unit split · by town
Social / institutional
Private
Commercial
Portfolio social footprint
Active towns · North of England
In line with safeguarding best practice and the confidentiality requirements of our institutional tenants, operator names, tenant profiles and precise location details are not disclosed in this statement. Properties are identified by town and postcode district only.
Stockport
SK2 · Greater Manchester
Social housing
Greater Manchester Institutional tenant
Period terrace, acquired in distressed condition and refurbished prior to letting, let in its entirety to an institutional tenant since inception on an inflation-linked lease.
12apartments
Middleton
M24 · Greater Manchester
Social housing
Greater Manchester Institutional tenant
Victorian mixed-use building in Middleton, converted into ten apartments and one commercial unit, with all residential apartments let to an institutional tenant since inception.
10apartmentssocial
Leeds
LS28 · West Yorkshire
Social housing
West Yorkshire Institutional tenant
Period property in LS28, sensitively converted into self-contained apartments and let on a 15-year institutional lease agreed prior to completion.
7apartments
Blackburn area
BB6 · Lancashire
Social housing
BB6 · Lancashire Institutional tenant
Period building, converted into self-contained apartments and let on an eight-year inflation-linked FRI lease, income-producing from day one.
7apartments
Wakefield
WF1 · West Yorkshire
Vacant · earmarked for social occupancy
West Yorkshire Vacant · earmarked for social occupancy
Victorian mid-terrace, previously let to a registered charity.
0 of 5 unitssocial
Oldham
OL2 · Greater Manchester
Mixed
Greater Manchester Institutional tenants
Period building conversion, providing ten self-contained apartments.
3of 10 apartmentssocial
Leigh
WN7 · Greater Manchester
Private + commercial
Greater Manchester Private residential
Late Victorian mixed-use corner building acquired in distressed condition in 2017 and converted into four residential apartments and two ground-floor commercial units.
0of 6 unitssocial
Wigan
WN3 postcode area
Pipeline · institutional
Greater Manchester Tenant profile not disclosed at this time
A portfolio acquisition in the WN3 postcode area, comprising 13 units under a pre-agreed institutional lease ahead of completion.
13units
Certain holdings are structured through shareholder agreements where beneficial owners appear on the public register. For holdings structured on bare trust via the syndicate deed, the public record on the SPV reflects the Trustee rather than the underlying beneficial owners. Where investors have elected to maintain confidentiality, those holdings are excluded from this statement. All investments are made available exclusively on a private placement basis.
Subsequent to the date of this statement, a sale has been agreed on the Wakefield property. The asset is reflected in this report as at 17 May 2026, at which time it remained part of the active portfolio.
Next in pipeline
Wigan · WN3 Postcode Area
An off-market portfolio acquisition in the WN3 postcode area, providing 13 units under a pre-agreed institutional lease. Subject to completion, this will bring total social units to 52 across a portfolio of 71 units in total.
71
total units on completion
52 social on completion
The supply gap
Why private capital matters
Funding cut · 2010
−63%
Government affordable housing grant reduced in a single Spending Review
New SAHP · 2026 to 2036
£39bn
Committed over 10 years, the largest programme in a generation
Annual need · LGA estimate
£10bn
Required per year to build 145,000 new social homes, a gap the £39bn SAHP alone cannot close
The Social and Affordable Homes Programme (SAHP), announced at the June 2025 Spending Review, represents the largest single government commitment to affordable housing in a generation. Yet at £3.9bn per year on average, it funds less than half of what local authorities estimate is needed annually. The structural shortfall that has built up over fifteen years cannot be closed by grant funding alone. Private capital, structured around long-term institutional leases, plays a necessary and complementary role in bridging that gap.
We partner with housing associations and specialist care providers. This creates durable, long-term occupancy and removes the volatility of retail tenancy management.
Long-term leases
Leases typically run five to ten years with renewal provisions. Tenants benefit from security of tenure. Investors benefit from predictable, contracted income. Commercial and social interests are aligned.
Active management
All properties are managed by qualified local professionals throughout the tenancy, and investors receive contracted rental income with transparent quarterly reporting.
Supported & social housing
A significant portion of our portfolio provides supported and social housing, in partnership with regulated housing associations and specialist providers.
This statement is published in the interest of transparency about the social impact of our portfolio. More about our work is available at 29kadvisers.co.uk.
