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Ken Livingstone wants Pension Funds to invest in housing

13/04/2012 11:44

Published in Inside Housing, 13 April 2012

If Ken Livingstone is elected to Mayor of London he plans to ask local authorities to invest directly into social housing.   We like this plan indeed, we presented a similar proposal to the HCA and the Local Authorities Strategic Team back in February 2011.   There are clear benefits in this proposal which apart from the new homes that are delivered, the pension trustees can match their liabilities, kick start regeneration and promote co-investment.   The other strong message it sends out is that the LA are in the play with their own pension funds and this sends out a strong message to other potential investors to support the project if required.    Institutional asset developers, Carlton & Co, support this type of approach and we hope that LA’s pension trustees rise to the challenge and use their considerable pension resources to ignite projects in their region with the resultant outputs of new homes, jobs and not forgetting “New Homes Bonus” for the LA.

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