Clanmil Housing Association’s first private placement has raised £100m from Aviva Investors, iA Financial Group and Pension Insurance Corporation.
The investment will support the Northern Ireland-based housing association’s plans to provide 1,400 new homes by 2026. It will also be used to maintain and upgrade Clanmil’s existing homes to ensure they are energy-efficient and remain good places to live.
The package will also enable Clanmil to access housing development grants from the Department for Communities, combining public and private funding to create a total investment in new homes of some £200m.
