PGIM confirms first acquisition for LGPS-backed affordable housing fund

Hope William-Smith
clock • 1 min read

PGIM Real Estate has acquired a portfolio of eight single-family for-rent residential housing sites from build-to-rent provider Wise Living for its affordable housing fund.

The fund - launched in February with initial capital of £190m from Northern LGPS and Brunel Pension Partnership - develops single family homes and targets a total return of 6% to 9% per year. Th...

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