M&G Investments (M&G) has plans to invest £1 billion ($1.3 billion) into U.K. multifamily housing to build more than 3,000 rental homes in London and regional cities where there are housing shortages. M&G Real Estate will fund housing developments over the next three years on behalf of one of Asia’s leading pension funds and M&G’s £130 billion ($172 billion) With Profits Fund to boost British housebuilding efforts and support the U.K. government’s ambition to deliver 1.5 million new homes over the course of this parliament.
With £100 billion ($133 billion) already invested in the U.K. economy, M&G is mobilizing international capital to deploy into housing, primarily in London — as well as Manchester, Bristol, Birmingham and Leeds. U.K. residential property provides an attractive entry point for long-term investment as housing delivery rates in London are at all-time lows, while demand for rental homes continues to outpace supply. In London, each
