The social housing investment firm has appointed ex-Blackstone executive Michael Pearson as chief financial officer as it expands from its Manchester base with a London office.
The group was founded in 2015 by real estate entrepreneurs Guy Horne and David Searle, and has now opened an office at Fora in Soho that has led to the creation of five jobs.
HSPG’s move coincides with the appointment of Michael Pearson, the former chief financial officer of two real estate platforms of the fund manager Blackstone – Invitation Homes and, more recently, Sage Housing.
Pearson has joined as CFO and is leading on strategy and fundraising for affordable housing.
He said: “I am thrilled to be joining HSPG and looking forward to working with Guy, David and the team as they continue their journey with this exceptional brand.
“What makes HSPG unique is that there is a focus on all types of social housing investment – ranging from investment into supported housing, affordable housing and asset management.
“The business has a very exciting future with significant opportunities to continue its tremendous growth.”
HSPG has thus far invested more than £200m into the supported housing sector and plans to invest £100m into affordable housing each year for the next five years.
In September 2020, the firm agreed a £30m arrangement with specialist lender Together to support its efforts.
Guy Horne, co-founder and director of HSPG, said: “Establishing a new office in London will help us continue our growth trajectory.
“Last year, we achieved our 2022 target of delivering 2,500 new bed spaces for vulnerable people across England. We see this as an opportunity to grow our team and presence across the UK.”