Bidwells advises Schroders Capital on acquisition of Greenwich residential scheme for social impact fund

The scheme, originally developed by Pocket Living and completed in spring 2025, was acquired with vacant possession by Schroders Capital via the firm’s UK Real Estate Impact Fund.

Schroders Capital intends to let the apartments as Discounted Market Rent, with rents capped at 80 percent of local market levels. Tenants are expected to begin moving into the scheme in early 2026.

The acquisition supports the fund’s strategy of delivering high-quality, professionally managed homes that address affordability pressures in high-demand urban locations, while generating stable, long-term income.

The development comprises 48 apartments, including 45 one-bedroom homes, two of which are wheelchair adaptable, and three two-bedroom homes, with many dual aspect layouts. Residents will have access to shared amenity space including a communal landscaped roof terrace, alongside ground floor outdoor amenity space and secure cycle storage.

CBRE acted for Pocket Living on the sale.

Rob Sheldon, Partner at Bidwells, said:

“London’s affordability pressures are unlikely to ease in the near term, which is why well-located, professionally managed Discounted Market Rent homes are becoming a vital part of the housing mix. This transaction reflects the growing depth of capital looking for durable returns coupled with demonstrable social impact.”

Chris Santer, Head of UK Positive Impact Investment and Residential, Schroders Capital said:

“This investment expands our pipeline of Discounted Market Rent homes and reinforces our commitment to delivering affordability in areas where demand is strongest. By capping rents at 80 percent of local market levels, we can support households that are priced out of the mainstream rental market while maintaining a sustainable investment model.”