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PIC invests €45M in UK housing association

30 January 18 - RE+D Magazine
PIC invests €45M in UK housing association

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Pension Insurance Corporation (PIC) has invested €45.5million in Halton Housing, a regulated UK housing association.

 

According to realassets.ipe.com, the specialist insurer of defined benefit pension funds said it invested the funds in long-dated, senior secured debt issued by Halton.

Halton, which has 7,000 properties in the Cheshire towns of Runcorn and Widnes, will use the funds to finance its plans to deliver more affordable housing, as well as to repay maturing debt.

The funds will be made available at an agreed future date to match Halton’s needs and save on interest payments. In total PIC has invested £1bn in social and affordable housing across the UK.

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