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Housing Today
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Pension insurer invests £50m into 100% affordable development in Surrey
The 125-unit development on a former NHS site marks the start of long-term partnership between Pension Insurance Corporation and London Square
A pension insurance company has made its first equity investment into affordable housing as part of a plan to invest £500m in the sector.
Pension Insurance Corporation (PIC), which insures defined benefit pension schemes, has invested £50m towards the development of 125 affordable and shared ownership homes on the former Hawks Road Health Clinic site in Kingston upon Thames, Surrey.
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