In Summer 2014, HS Property Group (now ‘HSPG’) was founded by Manchester-based school friends, Guy Horne and David Searle. Entrepreneurial, with a work ethic most people could only dream of, they set out to realise their vision of solving the UK homeless crisis. They believed everyone should have access to a comfortable home. In addition, they wanted to provide more people with the opportunity to access property investment by offering low capital, high-yielding, secure residential investments.
By Autumn, the pair had acquired their first buy-to-let, below market value, terraced property in Moston, Manchester. The property was refurbished and let to a homeless family.
In 2015, Guy and David acquired their first property for social housing in Salford, Greater Manchester. They coordinated the redevelopment of the derelict property into a small HMO, suitable for occupation for asylum seekers. It was secured by a long lease to an established, reputable, government-backed, social housing provider.
In early 2017, an income producing freehold block of 18 apartments was acquired as the first of its kind, value-add project for the business.
In the summer of the same year, the guys completed a mixed-use development of office and luxury residential space in Manchester City Centre’s unique and characteristic Northern Quarter.
In 2018, the pair made headlines by completing the first ever residential sale using blockchain technology. This forward-thinking nature surprised some, and intrigued many, as the business continued to challenge the norms and grow into areas they believed in.
Later in 2018, HSPG purchased a 22,000 sq ft former mill in Manchester City Centre, to create a flexible co-working space.
HSPG brough all of their Development and refurbishment in-house, creating a more comprehensive experience for their partners and enabling the developments to be more budget-focused, while maintaining the highest standards for our residents.
In the summer, HSPG appeared on Sky News to raise awareness of homelessness in the city of Manchester, whilst providing over 500 bottles of water to help our homeless community in one of the hottest summers on record.
HSPG secured a £30m loan facility with Together Money to fund our growing pipeline of social housing projects around the UK. By this point, the business had invested over £100m into the social housing sector. The facility enabled further acquisitions, refurbishment and leases generated with our partners, to grow the provision of supported housing throughout the UK.
The demand for social housing is ever increasing, leading to HSPG growing in 2020 from 18 staff members to 35. The team finished the year with a fully functioning marketing, operations and finance department to support the main business vision.
We enter 2021 with a larger team, huge ambitions and laser focus. We can’t wait to tell you where this year takes us…
formed Housing Social Developments with the mission of changing the face of social housing
Appeared on Sky News to increase awareness of homelessness in our city of Manchester
reached 18 staff and moved to new offices in Ardwick