Co-op to invest £50m in social housing


The Co-op’s pension fund will invest up to £50m in to the social housing market over the next year and has appointed PGIM Real Estate to manage the portfolio.

The capital is expected to build 350 units of housing when fully deployed and the fund has already made an initial investment to deliver 50 units at the Fair Acres development in Dunbar, Scotland, which will be let to East Lothian Council.

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