Homes England has formed a new joint venture with investor Swiss Life Asset Managers and Manchester-based social-impact developer Capital&Centric to target areas where housing demand is rising fastest but supply has stalled.<\/p>\n
The agency will take a 40% stake in the vehicle, The Impact & Places Partnership, with the other partners sharing the remaining 60%.<\/p>\n
The plan is to channel long-term institutional finance into mixed-use residential schemes over the next decade.<\/p>\n
Housing Secretary Steve Reed said: \u201cWe will get Britain building again by backing brilliant homegrown developers like Capital&Centric, and bringing in major institutional investors like Swiss Life Asset Managers, to build the homes this country desperately needs.\u201d<\/p>\n
Homes England chief investment officer Simon Century said the JV would help unlock sites, boost SME developers and prove the value of large-scale private capital in accelerating delivery.<\/p>\n
Tom Wilmot, joint managing director of Capital&Centric, said: \u201cThe strategy is all about delivering high quality neighbourhoods in a range of locations, not just core cities but also under-invested locations where the impact story is more compelling and the supply and demand dynamics are more favourable.\u201d<\/p>\n<\/p><\/div>\n
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