Swiss Life Asset Managers and Homes England have joined forces with developer Capital&Centric to launch a new joint venture, The Impact & Places Partnership, which is expected to deliver more than 2,250 homes in underinvested regions throughout England.
Swiss Life Asset Managers has entered a strategic joint venture with the U.K. government’s housing and regeneration agency, Homes England, and social impact developer Capital&Centric to deliver the homes in areas of high need.
The joint venture, The Impact & Places Partnership, will deliver more than £860 million ($1.07 billion) of new high-quality homes over the next decade in regions where demand for housing is most acute.
Under the terms of the agreement, Swiss Life Asset Managers and Capital&Centric will take a combined 60 percent stake in the joint venture.
Steve Reed, secretary of state for housing, communities and local government, said, “We will get Britain building again b
