Exclusive: Sage Homes sells 435 homes to housing association
For-profit provider Sage Homes has sold 435 homes to a housing association, Inside Housing Living can reveal.
For-profit provider Sage Homes has sold 435 homes to a housing association, Inside Housing Living can reveal #UKhousingThe Blackstone-backed affordable housing provider has offloaded 435 homes in Wakefield and across wider Yorkshire to Northern housing association Vico Homes.
The homes are fully occupied and predominantly social and affordable rent, with an element of shared ownership. They are all under five years old.
The organisations did not disclose the price of the transaction, although Inside Housing Living understands Vico carried out an independent valuation of the homes.
This is the second deal between the two landlords, following Vico’s acquisition of 390 tenanted homes from Sage across Doncaster and wider Yorkshire in June 2025.
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Sage has now sold a total of 825 affordable and social rented homes to Vico. A third transfer of homes in a similar area is already planned, Sage added.
Sage aims to use the capital from the sale to deliver more affordable homes, Inside Housing Living understands.
The landlord, which is England’s largest for-profit affordable housing entity, is also looking to trim its nationwide portfolio to focus on core zones and create housing management efficiency.
Meanwhile, the acquisition allows Vico to build the density of its portfolio in its Northern operating area. It will receive income straight away from the occupied homes, with no development risk.
Vico Homes owns 32,000 homes across the North of England. The landlord has a target to provide 10,000 homes over the next decade through a mix of acquisitions and direct development.
Sage is aiming to deliver 30,000 affordable homes by 2030. It has delivered 21,000 homes, with 4,000 sold on to other landlords and 17,000 remaining under Sage’s ownership. It also has a further 2,000 homes in the pipeline.
It buys new build Section 106 homes and uses government grant to buy market sale homes from house builders, which it converts to affordable housing.
Inside Housing Living understands Sage is exploring Vico-style “onward sales” partnerships with other housing associations. Sage has already completed other significant portfolio sales, including a transfer of 3,000 shared ownership homes to Universities Superannuation Scheme in 2024.
Martyn Shaw, chief executive of Vico Homes, said: “Our ambition is to deliver 10,000 homes over the next decade and growth doesn’t always mean starting from scratch.
“This acquisition demonstrates the impact that two organisations with shared values can achieve together, providing customers with stability and long-term investment in their homes.”
Elizabeth Froude, chief executive of Sage Homes, said: “Every transfer of homes represents real people who deserve a safe and secure place to live, and that principle guides every decision we make.
“When organisations bring their expertise together, the sector can achieve far more. Our partnership with Vico Homes is a clear example of this in action.
“Through partnerships with registered providers who share our values and service levels, we can continue to build our ambitious pipeline and deliver more affordable homes for the people who need them most.”
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