Phoenix Group has invested £90m of long-term funding through a private placement to regulated social housing provider Alliance Homes.
The investment by Phoenix will support Alliance to develop around 2,000 affordable homes over the next ten years to help address the UK housing crisis. Alliance will use part of the funds to improve the sustainability of its current housing stock by bringing all homes to an Energy Performance Certificate (EPC) rating of ‘C' or better. Phoenix was chosen as lead investor with funding provided through asset management partner Macquarie Asset Management, and the transaction brings Phoenix's total UK social housing holdings to more than £2.5bn. Phoenix Asset Management investment manager ...
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