CBRE Investment Management has secured two new LGPS investors for its UK Affordable Housing Fund (AHF). Tyne and Wear Pension Fund and Scottish Borders Council Pension Fund bring the total number of LGPS subscribers to nine, with 23 investors overall and total equity commitments of over €568 million. AHF invests in social and affordable rented housing and affordable-ownership properties delivering measurable social outcomes. It was one of the first UK unlisted funds to bring institutional client capital into affordable housing to deliver social impact. The Fund has a pipeline of £400 million of schemes both in development and completed. These are anticipated to provide over 2,098 homes.
To date, AHF has invested institutional capital for the provision of affordable homes in some of the most deprived areas of the UK.
Source: https://propertyeu.info/Nieuws/CBRE-IM-s-UK-housing-fund-raises-568m-after-winning-new-investors/a85116b8-bd59-42b2-944e-4bb17c67bb5a, on 23.02.2023