Peaks & Plains Housing Trust has secured £72.5m in funding from Aviva Investors.
The Macclesfield-based social landlord, which manages more than 5,000 homes across East Cheshire and the High Peak, will use the funds to extend its reach into Derbyshire, the East Midlands and the North West of England.
It is the latest social housing investment made by Aviva Investors, which has also provided funding to Wales & West, Coastal and Settle housing associations since the end of 2020.
Munawer Shafi, head of structured and private debt at Aviva Investors, said: “Social housing financing not only plays an increasingly vital role in providing affordable homes to communities, we believe it also offers investors attractive risk-adjusted and counter-cyclical returns compared to other sectors.”
He added: “The ability of social housing to provide solid cashflows while having a positive impact beyond our business and into communities makes it a compelling sector for us to increase our exposure to and to continue our support of.”
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