Bromford housing association lands £50m placement

By Hamish Champ2019-08-16T05:00:00

Latest deal takes Wolverhampton-based group’s spending power up to £550m

Bromford, the Wolverhampton-based housing association, has boosted its coffers with a new £50m private placement from a single UK investor.

The group, which turned over more than £250m last year and owns and operates 44,000 homes across the Midlands and the South-West, said the deal was “covenant light” and featured no asset gearing.

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