Architecting Institutional Housing Capital

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What ArcCap Does

We Design the
Capital Framework

Public–Private Development Platforms

Council contributes land; investor assumes full development risk. Ring-fenced project LLP with long-term, fully amortising finance. Exit via council retention or institutional acquisition as required by the council at end of funding term.

Housing Stock Transfer

Transfer existing vacant housing stock into ring-fenced project LLP with long-term, fully amortising finance. Secures and expands temporary accommodation supply while creating durable affordable rental income aligned with pension and insurance capital.

Supporting Council Financial Sustainability

Cash flows structured to provide upfront capital or enhance revenue streams. Refurbishment projects funded by investors who assume full risk, including cost overruns. Fixed-rate, fully amortising financing through a ring-fenced project LLP secures housing supply without impacting balance sheet capacity, and enables TA cost recovery aligned with current LHA levels.

Capital Framework Design

Bespoke structural advisory across procurement compliance, vires & powers, accounting and MA eligibility. Replicable and scaleable legal templates ready for execution across multiple council partnerships.

Matching Adjustment Capital Structuring

Structure long-dated, fully amortising funding platforms in which social and affordable housing provides the predictable, inflation-linked income profile required for Matching Adjustment eligibility.

The Structural Problem

The UK
Housing
Capital Gap

The constraint is not policy intent. It is capital architecture — and that is precisely where ArcCap operates.

01
Structural Undersupply Persistent housing undersupply across the UK driven by capital structure failure, not lack of ambition.
02
Constrained Balance Sheets Councils hold significant land assets and covenant strength but face severe borrowing restrictions.
03
Unmet Institutional Demand Pension funds and insurers seek long-dated inflation-linked income but lack execution-ready structures.
04
Escalating Development Risk Rising cost volatility demands risk transfer mechanisms that protect public sector partners.
Why ArcCap

We Architect
Systems, Not
Single Deals

Public Land Strategy

Converting council land assets into investable infrastructure — maximising public holdings without requiring balance sheet exposure.

Development Risk Transfer

Institutional investors assume full construction risk, protecting councils from cost overruns while guaranteeing affordable supply.

Replicable Templates

Every framework is built for replication — one council structure becomes the template for the next, dramatically cutting time-to-execution.

Fully Amortising Discipline

No balloon refinancing risk. Every structure amortises fully — creating certainty for councils, investors and residents alike.

Institutional Alignment

Deep understanding of pension and insurance capital requirements, enabling structures that attract the highest-quality long-term investors.

Procurement Defensible

Designed for procurement compliance from inception — protecting councils from challenge and accelerating delivery timelines.

Execution-
Ready
Frameworks
Legal & Vires

Structured with leading tax and legal advisors. Full vires validation ensures councils have clear authority to enter every structure we design.

Procurement

Every framework is designed for procurement compliance from inception — protecting councils from challenge and accelerating delivery.

Accounting Clarity

Balance sheet treatment resolved before heads of terms. Councils understand their accounting position with complete certainty.

Policy Aligned.
Capital Disciplined.

If you are a council, public body, housing association or developer with land and delivery capacity — or an institutional investor seeking long-dated, inflation-linked affordable housing income, we would welcome a conversation.

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The Team

Get in
Touch

ArcCap Advisors is a capital architecture advisory practice of BSB Real Estate.

Craig Satchwell
Craig Satchwell

Craig is a market leader in creative project funding structures, with a proven track record of delivering over £1 billion in innovative funding solutions across the UK housing sector.

Over the past seven years, he has advised public sector bodies, housing associations, and institutional investors on structuring and delivering long-term capital to unlock complex and previously unviable regeneration and housing delivery schemes.

Most recently, Craig advised Phoenix Group on the provision of over £230 million in long-term funding to Westminster City Council for the acquisition of more than 360 homes in London from A2Dominion. This landmark transaction secures the properties for use as high-quality temporary accommodation and demonstrates the power of institutional capital in supporting public sector housing outcomes.

Craig is also a Director of BSB, where he continues to lead on structuring and delivering innovative housing investment models.

craig@arccap-advisors.com +44 (0) 7908 649869
Andrew Sivess
Andrew Sivess

Andrew has over 30 years of experience in housing, regeneration and corporate asset investment including HRA business planning, delivering General Fund housing initiatives, PFI school director and energy services company establishment whilst at Barking & Dagenham. He originated funding from the European Investment Bank, Green Investment Bank, private equity and institutional investment to support housing, education and commercial investment. Andrew was latterly Head of Housing Transactions at the Greater London Authority (GLA) for non-grant housing delivery.

andrew@arccap-advisors.com +44 (0) 7584 655562