Pension Insurance Corporation (PIC), a specialist insurer of defined benefit pension funds in the United Kingdom, has completed a £30 million ($38 million) debt investment in Apex Housing Association, which will help Apex to facilitate the development of 300 to 400 energy-efficient new homes in Northern Ireland per year. Apex is aiming to have all new homes from 2024 onward to have a minimum EPC rating of A.
Apex is the third largest housing association in Northern Island, with more than 7,000 homes under management in the country, focusing on general-needs accommodation as well as supported housing, housing for vulnerable groups and support services for tenants.
This investment follows a £100 million ($126 million) investment in Apex Housing Association in 2021.
Altogether, PIC has invested more than £3 billion ($4 billion) in social housing across the United Kingdom.
“We are very pleased to have worked with Apex Housing Association on this transact
