Aviva Investors has provided £50m in funding to Hightown Housing Association through a private placement.
Hightown owns and manages more than 8,700 homes and care and supported housing projects across Hertfordshire, Buckinghamshire, and Berkshire.
The investment will help Hightown continue its delivery of energy-efficient, and affordable housing across the region.
The housing association is currently aiming to provide more than 1,000 new homes over the next two years, including its flagship development of 158 homes and three commercial units in Hemel Hempstead, which is due to complete in April.
Aviva Investors made the investment on behalf of the Aviva UK Life annuity business, in line with its focus on UK projects that can deliver social value and long-term benefits for local communities.
It is Aviva Investor’s 16th investment into the sector since June 2020, with the asset manager having provided almost £800m of financing to UK housing associations in that time, including Cross Keys Homes, Peaks & Plains Housing Trust, Wales & West Housing, Coastal Housing, and Settle Group.
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