Simpson Thacher advised Sixth Street on its investment in Park Properties Housing Association (“PPHA”), a For-Profit Registered Provider, in partnership with HSPG, a leading social and affordable housing investor.
Sixth Street will provide the majority of the equity capital, with HSPG continuing to lead the strategic direction, asset management and growth of PPHA’s platform alongside the company’s existing management team. PPHA intends to invest more than £1 billion to deliver high-quality, new-build homes and sustainable communities, establishing a new benchmark for affordable living.
The Simpson Thacher team included Angus Lennox, Palina Pradhan, Manfredi Sclopis, Robin A. Culshaw and Elizabeth Kearney (Real Estate M&A); Edd Hampson, Yasmin Smedley, Ben Rodger, Molly-Rose Taylor (Real Estate Finance); Stephanie Biggs and Matthew Mears (Regulatory); Morgan Shubin and Samantha Phey (Funds); and Sarah Lindley, Oliver Rosshandler, Phoebe Adams and Arianna Spina (Tax).