Places for People has bought a for-profit provider from the administrators of collapsed housebuilder Inland Homes.

The 230,000-home provider said the acquisition of Rosewood will enable its fund manager arm Thriving Investments to “launch and scale a platform for institutional capital” to help fund more shared ownership homes.

John Tatham, finance and investor director at Thriving Investments, said: “We now have the ability to provide more shared ownership homes, while maintaining our track record of connecting patient capital with the right type of asset exposure.”