Investment in the Portfolio
Expanding and upgrading the estate
Number of Homes
▪ In 2013 the Board of Greensleeves embarked on a strategy designed to maximise social impact by investing in its estate. ▪ This involved an investment over the last 5 years of £41.3m in acquiring and upgrading homes ▪ In the process Greensleeves has disposed of 3 homes, acquired 14 and completed a significant redevelopment of 1 home. ▪ During FY24 £3.6m was invested in the estate through general upkeep and major upgrades continuing the trend of previous years
28
28
30
27
25
25
24
25
22
20
20
20
17
17
15
10
5
0
2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24
Investment in the Estate (CAPEX) since 2020 (£000’s)
Number of Places (beds)
1,275
60,000
1,252
53,288
1,188
1,081
50,000
1,037
41,688
971
36,568
872
40,000
790
790
29,072
30,000
638
638
16,229
20,000
12,843
11,600
7,496
10,000
5,119
0
2020
2021
2022
2023
2024
9
Capex
Cumulative Capex
2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24
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