Residents of the United Kingdom have for years faced a chronic shortage of affordable homes. According to a recent government report, nearly one in 10 people in need of affordable housing are stuck on council waiting lists for at least five years as a result of the shortage. Blackstone portfolio company Sage Homes is contributing to much-needed supply.

To date, Blackstone has committed over £3.7 billion in Sage to help deliver over 19,000 new affordable homes with 3,000 more in the pipeline.¹ With a portfolio that is 100% focused on affordable housing for rent or shared ownership, Sage seeks to set the standard for innovation in the sector by adding to the housing supply.

Sage’s operating model allows it to bring additional capital and capacity to the UK housing market. The company is focused on making affordable rent and low-cost ownership available to as many people as possible, while providing high-quality homes and excellent service. Sage rents to those on local authority housing registers who have been identified as being in housing need. The UK government sets and regulates all of Sage’s rents at significant discounts to open-market levels.

Sage Homes is the largest provider of newly built affordable homes in England and has been for four years running.²

Sage Homes embodies not only our conviction in the affordable housing sector, but also in the UK more broadly. Blackstone has been one of the UK’s largest foreign investors since the inception of our business in Europe  – and our confidence in the region has only grown over the past decade.

Learn more about our commitment to serving as responsible owner-operators.

1. As of March 2025.

2. Regulator of Social Housing, as of October 2024. Based on total units delivered through March 2024.