The Impact and Places Partnership is 40% owned by Homes England, the government鈥檚 regeneration agency, and 60% by Swiss Life Asset Managers and Capital & Centric.
The three organisations have joined forces to spearhead the construction of more than 2,250 homes in underinvested areas in England, investing 拢860m over the next decade.
Homes England chief investment officer Simon Century said: 鈥淭his new joint venture aims to develop high-quality, mixed-use residential schemes and brings together Swiss Life鈥檚 real estate experience and expertise with Capital&Centric鈥檚 impressive residential-led placemaking focus.
鈥淥ur investment in this joint venture is further evidence of our commitment to attract private capital into the residential market, while supporting small and medium developers to realise their own housebuilding ambitions.鈥�
Steve Reed, secretary of state for housing, communities and local government, said: 鈥淲e 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.
鈥淲e are pulling every lever to fix the housing crisis and its exactly this kind of deal that will help us build the 1.5 million homes, faster, and in the communities that need them most.鈥�
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