PIC invests additional £60m in social housing

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Cain: We have been able to shape a funding agreement which meets the needs of both parties
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Cain: We have been able to shape a funding agreement which meets the needs of both parties

Pension Insurance Corporation has invested £60m with Red Kite Community Housing, a regulated housing association based in High Wycombe.

The insurer's £60m deal was split across three tranches maturing in 2030, 2033 and 2040, to match its pension liabilities The funding arrangement will allow Red Kite to build up to 375 new homes, as...

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