Three organisations with
complementary expertise in investment, housing and
regeneration have entered into a joint
venture to spearhead the creation of more than
2,250 homes in underinvested areas in England.
Homes England, Swiss Life Asset Managers
and Capital&Centric have entered into The
Impact & Places Partnership, which aims to
deliver £860 million of new homes over the next decade in
regions where demand for housing is most acute.
Homes England has a 40% stake in the joint
venture under the terms of the
agreement, with Swiss Life Asset Managers
and Capital&Centric taking a combined 60%
stake.
, Secretary of State for Housing,
Communities and Local Government, said:
We will get Britain building again by backing brilliant homegrown
developers like Capital&Centric, and bringing in major
institutional investors like Swiss Life Asset Managers, to
build the homes this country desperately needs.
We are pulling every lever to fix the housing crisis and its
exactly this kind of deal that will help us build the 1.5 million
homes, faster, and in the communities that need them most.
Simon Century, Chief Investment Officer at Homes England, said:
Attracting institutional investment into the housing sector is
critical to build the new homes the country needs and contributes
to the government's ambition to build 1.5 million new homes in
this parliament.
This new joint venture aims to develop high-quality,
mixed-use residential schemes and brings together Swiss Life's
real estate experience
and expertise with Capital&Centric's impressive residential-led placemaking
focus.
Our investment in this joint venture is further evidence of our
commitment to attract private capital into the residential
market, while supporting small and medium developers to realise
their own housebuilding ambitions.
Jan Plückhahn, Head of Real Estate at Swiss Life Asset
Managers, said:
We look forward to bringing our financial strength and expertise,
as one of Europe's longest-standing financial institutions, to
the partnership.
Tom Wilmot, Joint Managing Director
of Capital&Centric, said:
The strategy is all about delivering high quality neighbourhoods
in a range of locations, not just core cities but also
under-invested locations where the impact story is more
compelling and the supply and demand dynamics are more
favourable.
Notes to editors:
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Homes England is the government's housing and
regeneration Agency, and we're here to drive the
creation of more affordable, quality homes and thriving
places so that everyone has a place to live and grow. We
make this happen by working in partnership with thousands of
organisations of all sizes, using our powers, expertise,
land, capital and influence to bring investment to
communities and get more quality homes built. Learn
more about us: https://www.gov.uk/government/organisations/homes-england/about
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Swiss Life Asset Managers is a leading European asset
manager and real estate investor with £259bn of assets under
management that provides responsible and sustainable
investment solutions for institutional and private
investors.
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Capital&Centric is a UK-based regeneration
specialist transforming unloved land and buildings into
vibrant, design-led neighbourhoods that revitalise
communities. As a social impact developer, it prioritises
sustainability, great architecture, and community-focused
design to create inclusive, energy-efficient places where
people can live, work, and socialise. Some of its completed
projects include Goods Yard in Stoke-on-Trent and Kampus in
Manchester.
