PIC invests £80m in North East social housing project

Hope William-Smith
clock • 1 min read

Pension Insurance Corporation (PIC) has completed an £80m debt investment in a refinancing exercise that will deliver 600 new social affordable homes in the North East.

The investment in North Star Housing Group - which develops new homes across the Tees Valley, North Yorkshire, and Durham - will provide it with a long-term financial platform for future developmen...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

Hope William-Smith
Author spotlight

Hope William-Smith

Editor at Professional Adviser

View profile
More from Hope William-Smith

Chair of The Pensions Ombudsman Caroline Rookes dies

DC pension holders now waiting an average of 29 days for transfers

More on Investment

Partner Insight: Bond navigators - Why now is the time for global government bonds
Investment

Partner Insight: Bond navigators - Why now is the time for global government bonds

In a world of heightened volatility — driven by protectionism, geopolitical realignment, and diverging monetary policies — Royal London Asset Management believe that fixed income investors need more than just duration management. They need global diversification and multiple alpha levers.

Gareth Hill, Senior Fund Manager @ Royal London Asset Management
clock 14 October 2025 • 3 min read
Partner Insight: How carbon removal strategies can offer optionality and flexibility
Investment

Partner Insight: How carbon removal strategies can offer optionality and flexibility

This article from Aviva Investors discusses the potential benefits of carbon removal strategies for institutional investors, through the lens of Aviva Investors’ Carbon Removal Fund’s investment approach, and its financial and sustainability objectives....

Dominique Ellis, Educational Lead, Aviva Investors
clock 09 October 2025 • 8 min read
Somerset selects LPPI as its preferred pooling partner
Investment

Somerset selects LPPI as its preferred pooling partner

LGPS fund becomes third of Brunel’s funds to choose LPPI as new pool

Jonathan Stapleton
Jonathan Stapleton
clock 29 September 2025 • 1 min read
Trustpilot