PIC presents case for institutional investment in UK housing associations
Pension Insurance Corporation (PIC) published a report on Thursday making the case for institutional investment into UK social housing. The sector has come under pressure from falls in government funding and the increasing costs of developing new homes. Capital from the insurance sector could provide a valve, PIC claims.
Institutional appetite for UK social housing investment has been brewing for some time. PIC for example invested in its first social housing bond in 2013, and since then has lent roughly £2bn to over 20 housing associations.Housing associations are non-profit organisations that build and operate low cost ...
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