PIC invests £30m into Northern Ireland social housing development

Investment will support the development of 300 to 400 new homes a year

Martin Richmond
clock • 1 min read
View of the Lagan River in the city centre of Belfast
Image:

View of the Lagan River in the city centre of Belfast

Pension Insurance Corporation (PIC) has completed a further £30m debt investment in Apex Housing Association to fund the development of social housing in Northern Ireland.

PIC's investment follows an initial £100m investment the insurer completed with Apex in 2021 and will fund the development of 300 to 400 new energy efficient homes per year as part of Apex's long-t...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

PensionBee's Romi Savova hits out at government push for DC investment in illiquids

PensionBee's Romi Savova hits out at government push for DC investment in illiquids

Industry must ask what the push into the unknown can deliver in additional returns

Jonathan Stapleton
clock 06 December 2024 • 2 min read
Asset-backed finance solutions investment manager formally launched

Asset-backed finance solutions investment manager formally launched

Evermill Capital will look to deliver tailored asset-backed financing solutions

Martin Richmond
clock 05 December 2024 • 1 min read
Solving the housing crisis – finding opportunities in 'ignored' cities and towns

Solving the housing crisis – finding opportunities in 'ignored' cities and towns

Underinvested locations are signalling a chronic disparity in supply and demand

Tim Munn
clock 03 December 2024 • 4 min read
Trustpilot