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M&G buys 370 homes as it targets growing UK shared ownership sector

M&G has acquired 370 homes in partnership with three UK housing associations for its shared-ownership fund.

The M&G Shared Ownership Fund struck a series of deals worth a combined €72.3 million with Chelmer Housing Partnership (CHP), Hyde Group and Park Properties Housing Association (PPHA).

The investments come two and a half years after M&G launched the fund in 2021, with backing from UK pension funds and the government.

The fund was created to provide investors with index-linked rental income while helping first-time buyers priced out of the housing market by enabling them to part-buy, part-rent a professionally managed home.

Source: realassets.ipe.com on the 4th of October 2023

https://realassets.ipe.com/news/mandg-buys-370-homes-as-it-targets-growing-uk-shared-ownership-sector/10069295.article