Cording enters U.K. social housing market
Funding Affordable Homes (FAH), a social impact company which invests in U.K. affordable housing, has appointed Cording Real Estate Group, a member of the Edmond de Rothschild Real Estate Investment Management platform, as its property adviser.
John Partridge, chairman of Cording, said, “We expect significant investor interest in the fund due to both its social impact objectives and the long and secure income streams that this strategy offers.”
FAH is currently a Luxembourg-based, SICAV SIF fund. Prior to the appointment of Cording, FAH had operated with an internal property adviser, and five people from this team, led by CEO Paul Munday, have transferred to Cording. The alternative investment fund manager will continue to be Fuchs Asset Management. James Whidborne, who joined Cording in May, will work alongside Munday and his team as head of U.K. residential fund management.
FAH aims to promote the delivery of new affordable housing, while providing investo