Blackstone-backed Sage sells 3,000-home shared ownership provider to universities pension fund

David Avery Clarion Housing

Sage Housing renamed Sparrow Shared Ownership with new leadership

Blackstone-backed Sage has sold its 3,000-home for-profit registered provider to a Universities pension fund in a deal worth £405m.

The Universities Superannuation Scheme (USS) has bought Sage Housing, which owns a portfolio of shared ownership properties spread over 250 sites.

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