Triple Point Social Housing has also acquired the land and entered into forward funding arrangements to develop another two supported housing schemes, comprising 80 units in total, for an aggregate commitment of £14.8 million (excluding costs).

The properties are located in South Scotland (24 units), the North West (18 units), South Wales (14 units), the South West (8 units), Yorkshire (8 units), the West Midlands (4 units) and the South East (4 units).

The REIT company said increasing political and financial pressure on housing associations to improve delivery for vulnerable people is creating opportunities for private sector investors to participate in the market.