Aviva invests €92.7m in U.K. social housing

Aviva Investors has completed a €92.7 million ($96.2 million) placement in Cross Keys Homes (CKH), a social housing association based in Peterborough, Cambridgeshire.

The investment has been made on behalf of Aviva UK Life’s annuity business and means Aviva Investors has now invested almost €417 million ($433 million) in social housing providers across the United Kingdom in 2022. CKH will use the funding to support its ongoing growth and development plans, including the building of its flagship scheme in Northminster, which will provide 315 affordable homes.

“We are very pleased to have completed this private placement with Cross Keys Homes and to have increased our investment into the development of more social housing projects across the United Kingdom,” said Munawer Shafi, head of structured & private debt at Aviva Investors.  “Social housing remains an important area of investment within our Private Debt business, not only for the risk-adjusted re