PIC invests £40m in Northamptonshire housing

James Phillips
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PIC invests £40m in Northamptonshire housing

Pension Insurance Corporation (PIC) has entered into a £40m agreement with Greatwell Homes to support the development of 600 affordable homes in Northamptonshire.

Split across four tranches, the spot funding will mature in 2053, 2057 and, for the final two tranches, 2058, in an arrangement designed to match pension liabilities. The investment forms part of a...

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