Alternative asset manager Cheyne Capital has sold its majority shareholding in independent housebuilder Elivia Homes to funds advised by Octopus Investments, part of the Octopus Group.
Since it first invested in Elivia Homes, formerly Vanderbilt Homes, in 2014, Cheyne has played an integral role in supporting the firm’s ambitious growth into one of the South-East’s leading housebuilders. In the four years since Cheyne recommitted to its investment, Elivia has more than doubled its number of homes.
The Octopus team have a long-term strategy in place to continue Elivia’s growth, with the aim of transforming it into a £250 million turnover business, delivering over 600 design-led and sustainable homes in aspirational locations per year.
