PIC invests £60m in residential housing association

Kim Kaveh
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PIC has agreed to a 30 year debt investment in Phoenix Community Housing
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PIC has agreed to a 30 year debt investment in Phoenix Community Housing

Pension Insurance Corporation (PIC) has agreed to a 30 year debt investment in Phoenix Community Housing, a not-for-profit, resident-led housing association in London.

The deal - which makes PIC the sole investor of the company - was agreed to by both parties in February, and completed at the end of March. The bond will fund the development of more than 200 new homes,...

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