PIC pumps £83m into Newham housing scheme

The Pension Insurance Corporation (PIC) has revealed an £83m investment into housing in Newham, East London. The partnership with the London Borough of Newham will fund the construction of 161 homes on a brownfield and industrial site close to London City Airport. The project is funded by the regeneration lease structure, which provides PIC with long-term, inflation linked cashflows. The model offers benefits to all stakeholders including increased employment and spending the local economy during construction. The investment takes PIC's urban regeneration investment to almost £600m in 18 months.

Professional Pensions (15/03/2022)   Property Week (15/03/2022)