M&G invests €35m in U.K. sustainable housebuilder Greencore Homes

Greencore Homes, a housebuilder constructing low-carbon and energy-efficient homes, has secured a further £30 million (€35 million/$38 million) from M&G Investments. The equity investment will be used to drive significant expansion, initially by targeting land acquisitions across the South East of England to complement existing sites under way.

Since M&G’s initial £15 million (€18 million/$19 million) investment into the company around two years ago, the foundations have been laid for Greencore to become a national housebuilder as it aims to build 10,000 homes in the next decade. The homes that Greencore build achieve a net-zero carbon balance in operation and aim for better than net zero in terms of embodied carbon in the structure. Due to the many sustainability features, occupiers are likely to benefit from reduced costs associated with living in an energy-efficient home.

Greencore’s flexible and scalable model evolves around building its innovativ