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Rent-to-buy business Rentplus secures up to £70m funding as it aims to build 5,000 affordable homes by 2020

A new business aiming to build 5,000 affordable homes by 2020 has secured up to £70m in funding.

 

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BAE Systems’ pension fund will invest £70 million in a fledgeling rent-to-buy housing provider that aims to build 8,500 affordable homes by 2020.

 

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Two BAE Systems pension funds are investing in UK affordable housing provider Rentplus, with their in-house manager having approved an initial £35m investment (€44m) that may be followed by a further commitment of the same size

 

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Rentplus-UK, the rent-to-buy homes provider, has secured up to £70m to help it deliver 580 homes out of its initial target to build 5,000 new affordable homes by 2020

 

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Millions of pounds from pension funds have been committed to an innovative company providing an affordable way to move from renting to homeownership…

 

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Affordable housing provider Rentplus has secured up to £70m to help deliver 580 homes – out of its initial target to build 5,000 new affordable homes by 2020 writes Bill Tanner.

 

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Two BAE Systems pension funds are investing in UK affordable housing provider Rentplus, with their in-house manager having approved an initial £35m investment (€44m) that may be followed by a further commitment of the same size

 

Read the article by clicking here

A business providing rent-to-buy homes has secured up to £70 million to help it deliver 580 new affordable units.
Read the article by clicking here
Rentplus-UK, the rent-to-buy homes provider, has secured up to £70m from BAE Systems Pension Funds Investment Management to help it deliver 580 homes out of its initial target to build 5,000 new affordable homes by 2020

 

Read the article by clicking here

A Governement minister had given his backing to an innovative housing company formed in Plymouth and making a ‘step-change’ in the delivery of affordable housing nationally.

Tory Housing minister Brandon Lewis praised Millbay-based Rent Plus when he visited Plymouth to view new homes being built.

 

 

Read the full article at: http://dorcasmedia.com/mp-backs-affordable-housing-enterprise/

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