Aviva Investors Invests £80 Million with Cross Keys Homes, a Social Housing Business

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by KnowESG,

Aviva plc

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Aviva Investors, the global asset management business of Aviva plc (Aviva), says it has placed £80 million in Peterborough, Cambridgeshire-based Cross Keys Homes (CKH), a social housing association.

The investment was made on behalf of Aviva UK Life's annuity business, and it brings Aviva Investors' total investment in social housing providers across the UK in 2022 to around £360 million.

The money will be used to help CKH with its ongoing plans for growth and development, such as building 315 affordable homes in its flagship project in Northminster.

In October, the asset manager put out a whitepaper on the ESG considerations of social housing. It talked about how important it is to fix the UK's lack of social rent housing, how investing in the sector can help society, and why investors who think about putting money into the asset class need to pay close attention to the ESG implications.

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Source: Property Wire