delta×cassidy platform formation · June 2026
A joint venture in formation

pbsl is the new co-living.

Delta × Cassidy is a joint venture between Delta Real Estate and Cassidy Group UK, building the institutional platform for Purpose-Built Shared Living in the UK. Sui generis under London Plan Policy H16. Built for the matched-asset capital pool emerging under the reformed Solvency UK regime.

Debut deal
Conduit Wembley
c.400 PBSL homes in planning · £125m+ GDV · Acquired Feb 2026
Pipeline
1,200-bed pipeline
400 beds in planning, purchased unconditionally
Sweet spot
200 to 400 beds
£80m to £150m GDV per scheme
Co-founder
Will Wesson
Founder, Delta Real Estate
Co-founder
James Cassidy
Founder & Director, Cassidy Group UK
Opens your email client. Reaches both founders directly.