Hyde among bidders for Notting Hill Genesis' 2,079-home private rental business. News 04.06.26 11.00 AM by James Riding The Hyde Group is rumoured to be among at least three bidders in contention to buy Notting Hill Genesis (NHG)'s 2,079-home private rented sector (PRS) business. Andy Hulme, chief executive of Hyde, has taken ambitious steps to grow the landlord Sharelines The Hyde Group is rumoured to be among at least three bidders in contention to buy Notting Hill Genesis' 2,079-home private rented sector business #UKhousing The G15 landlord is on the final shortlist to buy NHG's £750m Folio business, according to sources Inside Housing has spoken to. US investor Kennedy Wilson is also bidding to buy the 15-scheme portfolio, as is a joint venture between recently founded investor Adira and European asset manager Hayfin. The shortlist was first reported by Green Street News. Inside Housing understands a preferred bidder for the Folio business is expected to emerge in the next four to six weeks, but there could be a lengthy due diligence process before a sale completes. Hyde has taken ambitious steps to grow in recent years under chief executive Andy Hulme. The group owns nearly 50,000 homes, but manages around 130,000, following its acquisition of management company Pinnacle Group in 2024. It has an ongoing shared ownership partnership with asset manager M&G and struck a for-profit affordable housing deal with Legal & General in March. It is also believed a partnership between Morgan Stanley Real Estate and Ridgeback has moved to re-enter the sales process, after bowing out in the previous round. The duo is currently completing the £1.1bn purchase of a build-to-rent portfolio owned by L&Q. NHG owns 68,000 homes across London, the South East and East Anglia. It put its 3,400-home PRS arm on the market in July 2025 to increase investment in its social homes and reduce debt. The portfolio now stands at 2,079 homes, because some of the homes are being sold separately or being retained by NHG for the time being. NHG is also engaging with the regulator as it has non-compliant grades of C3/G3. Folio comprises 2,079 homes across London and Chelmsford, owned through a mix of freeholds and leaseholds. It was established by NHG in 2007 and is 98% let. The portfolio was built over 16 years through a mix of acquisitions from developers during the global financial crisis; transfers from NHG's own development pipeline; and integration of Genesis homes following Notting Hill's 2018 merger with Genesis. Folio's schemes are located in London boroughs such as Croydon, Barnet, Ealing, Southwark, Greenwich, Harrow, Islington, Barking and Dagenham and Hammersmith and Fulham. The biggest scheme is Royal Wharf Estate in Newham, at 338 homes, followed by City Park West in Chelmsford with 317 homes. Nine in 10 of the Folio homes are one-bedroom and two-bedroom flats, while 85% are in London and 98% are rated Energy Performance Certificate (EPC) C or higher. The portfolio brought in revenue of £44.8m in the 2024-25 financial year. Deloitte is believed to be running the sales process, which is codenamed 'Project Vanguard'. Kennedy Wilson is headquartered in Beverly Hills, California, and is an established investor in the UK living sector. It has a suburban build-to-rent partnership with Canada Pension Plan Investment Board, launched in 2024, which currently owns 2,000 homes across 23 sites. Adira is the newest organisation still in the running to buy the Folio business. It was founded in late 2025 by Boris Olujic, who previously led the real estate division of Wall Street giant Apollo, and Edoardo Nuzzo, a former senior principal at Apollo. Adira is believed to have secured backing from European asset manager Hayfin to pursue the NHG portfolio. NHG, Hayfin and Deloitte declined to comment. A spokesperson for the Hyde Group said: "We don't comment on ongoing commercial matters." Kennedy Wilson was approached for comment. At the time, he told Inside Housing: "Folio is a bit like an endowment, or it could be positioned that way for NHG, and in that sense it is quite interesting because not all housing associations have £1bn endowments on their balance sheet." Folio was valued at £1bn when it was first put on sale, but took a £119m downward valuation in 2025. The original £1bn figure also included a separate portfolio which is being marketed by Savills on a scheme-by-scheme basis. Are you subscribed to Inside Housing? Inside Housing is the most comprehensive information service for UK housing professionals. Not subscribed yet?

Hayfin lines up LNG carrier newbuilds in South Korea. London-based investment platform Hayfin Capital Management has returned to the LNG carrier sector with a reported order for two large newbuildings at South Korea's HD Hyundai Heavy Industries. Shipbroking and market sources have linked Hayfin to the order for two 174,000-cbm LNG carriers, with deliveries scheduled by the end of March 2029. Parent company of the yard group HD Korea Shipbuilding & Offshore Engineering disclosed the contract on Thursday, saying only that it had secured an order from an Oceania-based client. The deal is valued at KRW743.9bn ($497m), or roughly $248.5m per vessel. The contract marks Hayfin's first move into LNG carrier newbuildings after previously investing in the sector through secondhand tonnage and financing activities. The latest move signals a broader push by Hayfin to expand its shipping portfolio under its maritime division, led by Andreas Povlsen (pictured). The company has been increasingly active across several shipping segments over the past two years. Earlier this year, Hayfin contracted HD Hyundai for four 50,000 dwt MR2 product tankers, with deliveries expected to begin from the first quarter of 2028. The investment platform has, in the past two years, been active in the secondhand dry bulk market, picking up capesize vessels as part of a wider fleet expansion strategy. On the sale side, Hayfin recently offloaded a pair of suezmax tanker newbuildings at a profit to Greece's Capital Group. Sources close to the market also said Greek owner Evalend Shipping had sold two LNG carrier construction slots at Hyundai Heavy Industries to Hayfin for 2029 delivery, further underlining the investor's return to the gas shipping segment. The LNG carrier order comes amid another active period for the Korean yard group, with the gas shipping arm of Singapore-based BW also signing up for two LNG carriers at HD Hyundai Samho earlier this week.

Hayfin hires GS alum as head of investments. Hayfin Capital Management named Michael Marsh to the newly created role of head of investments, based in the firm's London office. Marsh is assuming responsibility for the day-to-day leadership of Hayfin's €38 billion ($45 billion) portfolio after a nearly two-decade career at Goldman Sachs. Mark Tognolini, co-founder and co-CEO at Hayfin, said Marsh will bring [...] Get the whole story. AW Monthly $39 / Month - Instantly unlock all new and archived articles - Access to AW Research articles & data - Daily, weekly and monthly e-mail newsletters $390 / Year - Everything in Monthly at a 20% discount - Access to AW Research data downloads and annual Manager/Investor Compendiums - Discounts on advertisement rates