Institutional grade housing solutions, at scale

Evergreen acquires, renovates and leases homes to Local Authorities on 10-year FRI terms. Councils recover 100% Housing Benefit. Investors earn institutional returns.

800+

Homes Targeted

£136.5m

Target Raise

15+

Councils Engaged

170+

Properties Appraised

10yr

FRI Lease Term

How It Works

1

Local Authority confirms demand — 1, 2, 3, 4 bed and where you need them

2

Evergreen identifies suitable properties and sends them to you for approval

3

Local Authority visits property and confirms they want it

4

All terms agreed in advance — comfort and clarity for all parties

5

Evergreen acquires the homes

6

Properties renovated to Decent Homes Standard

7

Lease agreement completed — 10-year FRI terms

8

You claim 100% Housing Benefit

For Local Authorities

Explore how Evergreen can reduce TA costs and stabilise accommodation supply in your borough.

For Investors

Institutional returns, government-backed income, inflation-hedged cash flows.

About Evergreen

Meet the team. Understand our governance. Learn about the Evergreen mission.

For Local Authorities

Full Housing Benefit recovery on institutional-grade temporary accommodation

The Problem

TA costs spiralling — nightly-paid B&B and hotel placements consume budgets
2011 LHA cap creates a 90% subsidy recovery ceiling for short-term accommodation
No control over supply — reliant on limited private stock
CAPEX liability — properties degrade without proper investment

The Evergreen Solution

A 10-year-plus-one-day FRI lease that sits in your HRA. Rent is 100% of current LHA (not capped at 2011 rates), with annual CPI review. You hold 100% nomination rights. You control lettings, management, voids and repairs. You recover full Housing Benefit — no subsidy cap — transforming TA economics.

How It Works

1

You confirm demand — 1, 2, 3, 4 bed and where you need them

2

Evergreen identifies suitable properties and sends them to you for approval

3

You visit the property and confirm you want it

4

All terms agreed in advance — comfort and clarity for all parties

5

Evergreen acquires the homes

6

Properties renovated to Decent Homes Standard

7

Lease agreement completed — 10-year FRI terms

8

You claim 100% Housing Benefit

Proven Model

Birmingham

957 units in operation

£7m+ annual TA savings

Manchester

Active partnership

Institutional-scale operation

Greenwich / Lewisham

Growing presence

Long-term lease commitment

What You Get

100% Nomination Rights

Complete control over tenant selection and lettings. Your tenants, your borough priorities.

Decent Homes Standard

All properties meet regulatory standard at lease commencement. No hidden condition surprises.

Zero Acquisition Cost

No capital outlay. Evergreen bears the purchase price and renovation costs upfront.

CPI-Linked Growth

Annual rent reviews linked to inflation protect your budgets in real terms.

Institutional Partner

Professional, accountable landlord with social housing pedigree. No buy-to-let volatility.

For Investors

Institutional returns, government-backed income, 800+ homes

Evergreen is raising £136.5m (£36.5m equity + £100m debt) to acquire 800+ homes across London and the M1 corridor, leased to Local Authorities on 10-year FRI terms.

The proposition: Council counterparties guarantee rent on long-term leases, rent is pegged to government housing allowance rates, and portfolios benefit from CPI-linked annual reviews. Councils have strong credit, housing is a statutory service, and rents are funded by government benefit rates — creating a defensive, inflation-hedged cash flow.

Two Capital Structures

Platform Model

Equity £36–40m

Debt £100m

Portfolio Size 800+ units

Timeline Medium-term build & exit

Target IRR 20%+ (base case)

Equity / Levered Model

Equity £20m

Debt £20m (50% LTV)

Portfolio Size 200–300 units

Timeline 18–24 months

Target IRR 18–24%

Investment Highlights

          Government-Backed Income
          Rents are linked to Local Housing Allowance — set by government. Councils are statutory bodies with strong credit. Housing is a non-negotiable service.
        

          CPI-Linked Growth
          Annual rent reviews indexed to inflation protect real returns. Portfolios benefit from macro inflation hedging.
        

          Long-Term Lease Terms
          10-year FRI leases create predictable cash flows. Counterparty tenure is long — councils are permanent institutions, not transient operators.
        

          Diversified Counterparties
          15+ councils engaged. Portfolio spread across London and M1 corridor reduces single-council concentration risk.
        

          Defensive Asset Class
          Housing is essential. TA demand is structural and rising. No discretionary spending, no cyclicality.
        

Operational Excellence

Tech-enabled management platform processing 1,548 hours of automated operations annually — institutional governance at startup cost structure. Rent collection, compliance tracking, maintenance scheduling and financial reporting are automated, reducing headcount whilst maintaining institutional-grade controls.

Board & Governance

Chris Philips

Chair

Over 50 years' experience in real estate finance and social housing. Chris is the former chairman of Places for People (PFP), having grown PFP investments from £1.9bn to £5.4bn over ten years with 11,600+ staff employed. Currently chairs multiple organisations, including Social Housing REIT plc with a market cap of £0.5bn listed on the London Stock Exchange.

James Jones

Chief Executive Officer

Substantial experience in structuring and executing social housing investment strategies. Previously raised HNW and family office capital to acquire, refurbish and lease over 90 units, exiting to institutions and listed REITs. Led a six-person team delivering 300 social housing units funded by family office and institutional capital. Has also advised institutional investors on social housing strategies.

Nigel Hopkins

NED — Audit and Risk

Chair of Audit and Risk Committee at leading housing association, L&Q. Non-Executive Director at MHS Homes. Former Non-Executive Director at Places for People. Extensive experience in organisational transformation and delivering social impact.

About Evergreen

Mission

To institutionally fund and scale housing supply for Local Authorities, transforming Temporary Accommodation economics whilst delivering institutional returns to investors. We believe housing is a public good and a private opportunity. We acquire, renovate and lease homes on terms that work for councils, communities and capital.

Leadership Team

Chris Philips

Chair

Over 50 years' experience in real estate finance and social housing. Former chairman of Places for People (PFP), growing PFP investments from £1.9bn to £5.4bn over ten years with 11,600+ staff employed. Currently chairs multiple organisations, including Social Housing REIT plc with a market cap of £0.5bn listed on the London Stock Exchange.

James Jones

Chief Executive Officer

Substantial experience in structuring and executing social housing investment strategies. Previously raised HNW and family office capital to acquire, refurbish and lease over 90 units, exiting to institutions and listed REITs. Led a six-person team delivering 300 social housing units funded by family office and institutional capital. Has also advised institutional investors on social housing strategies.

Nigel Hopkins

NED — Audit and Risk

Chair of Audit and Risk Committee at leading housing association, L&Q. Non-Executive Director at MHS Homes. Former Non-Executive Director at Places for People. Extensive experience in organisational transformation and delivering social impact.

Evergreen Group Structure

Evergreen Social Housing Group Limited is the holding company for all social housing platforms and operations. The group operates under a Special Purpose Vehicle (SPV) structure, with segregated governance, reporting and investor protections. All operations are regulated under UK housing law and subject to institutional audit, compliance and reporting frameworks.

Get in Touch

Email

james@evergreensocialhousing.com

Registered Office

Evergreen Social Housing Group Limited
73 Cornhill, London, England, EC3V 3QQ

Companies House

Registered company (UK)