FINANCE: M&G Investments has provided £40m of funding to One Vision Housing, a Merseyside Housing association.
One Vision will use the 30-year private placement to refinance existing bank debt and to continue to regeneration work. The association provides more than 11,500 homes in Sefton, Merseyside.
M&G has now invested more than £4bn in UK social housing via property transactions, public bonds and private placements, and is “keen to do more”, according to Mark Davie, the investment manager’s head of social housing.
One Vision Housing was advised by RBS and the David Tolson Partnership.
