Aviva Investors, the global asset management business of insurer Aviva, has completed a €92.7 million investment in Cross Keys Homes, a social housing association based in Peterborough, the UK.
The investment has been made on behalf of Aviva UK Life’s annuity business and means Aviva Investors has now invested almost £360 million in social housing providers across the UK in 2022. Cross Keys Homes will use the funding to support its ongoing growth and development plans, including the building of its flagship scheme in Northminster, which will provide 315 affordable homes.
The investment fits in with Aviva Investors’ goal to create positive societal impacts by supporting projects which address the critical undersupply of social rent housing in the UK. In October, the asset manager published a whitepaper on the ESG considerations of social housing, which highlighted the need to tackle the shortage of social rent homes.
Source: https://propertyeu.info/Nieuws/Aviva-backs-UK-social-housing-provider-with-93m-investment/f00ca0c7-955b-4ad2-ba19-f5710ff409f9, on 6.12.2022