Housing Plymouth 2016

Come and visit us at the Housing Plymouth 2016 event on Saturday 18th June at the Royal Parade Piazza, Plymouth

Watch the Housing Plymouth 2016 promotional video by clicking here

We announced some fantastic news last week which is a significant milestone in our ongoing mission to deliver homes for working people to rent and ultimately own.

We have secured a significant investment of up to £70 million from BAE Pension Fund, enabling us to deliver 580 new homes which will allow tenants to rent on an affordable basis with an option to buy. This funding enables us to put a significant dent in our goal of building 5,000 new affordable homes by 2020 in order to help solve Britain’s housing crisis.

BAE Pension Fund has committed an initial £35 million to us via an inflation linked bond, with the possibility of an additional £35 million in the future. It has been a pleasure to work with BAE Pension Fund who used their intimate knowledge of the affordable housing sector to understand our unique offering. The team has worked with us over the past 18 months, during a period of significant market changes in the Registered Provider market, to successfully create an innovative funding structure for us.

We’re talking to a number of other potential funding partners to boost our investment even further. In order to deliver our ambitious pipeline of 8,500 homes we need £1 billion of funding in total.

One of the biggest benefits of our model is that it provides a continuous stream of affordable housing, because we endeavour to replace every home that is sold. Combined with the mixture of capital appreciation and rental income we can offer investors a stable, long-term, ethical, investment-grade opportunity. Keep watching this space for further developments.

Richard Connolly, CEO of Rentplus

Rent-to-buy homes provider, Rentplus-UK Limited (‘Rentplus’), has announced today that it has secured funding 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

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

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

Read the article by clicking here

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

Read the article by clicking here

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