Pension Insurance Corporation plc (‘PIC’), a specialist insurer of defined benefit pension schemes, today announces it is making a commitment to invest up to £200m in equity to fund the development and operation of around 10 new retirement communities across the country in its first investment into the emerging UK retirement living sector.
Octopus Real Estate has announced today its entrance into the UK Affordable Housing market. It aims to accelerate the delivery of high-quality, genuinely affordable homes working in partnership with Housing Associations and Local Authorities.
Octopus Real Estate has provided a £9m loan on the redevelopment of a Grade II Listed building in Northampton town centre. The development loan – which has a 24-month term – will finance the creation of 89 new homes; 17 studio apartments, 60 one bedroom f
Octopus Real Estate has provided a £16.5m loan on a ground up development of over 120 homes on sites in Witchford, Cambridgeshire and Pershore, Worcestershire. Both sites benefit from full planning permission; the Witchford site will see 46 houses developed.