L&Q attracted £1bn of orders from a wide range of investors, including central banks, before issuing a 10-year £300m bond at 107 basis points over gilts yesterday (Wednesday).
Canaccord Genuity’s social housing and bond advisory business has been acquired by JC Rathbone Associates (JCRA).
The European Investment Bank (EIB) is likely to continue to lend to English housing projects amid a shift in the UK government’s policy towards support for shared ownership developments.
Sovereign and Spectrum housing groups have announced the team that will lead the new organisation following their proposed merger.
London and Quadrant is planning a 10-year, £250m bond issuance ahead of its three-way merger with Hyde Group and East Thames Group, according to Moody’s.
Housing associations’ average cost of funds fell slightly in the last financial year to 4.59 per cent.
Investment in new build and major refurbishment up 8%
English HA staff numbers increase by less than 1 per cent.
The accounts of 221 UK social landlords show the average chief executive pay package – including bonuses, performance-related pay and benefits in kind but excluding employer’s pension contributions – was £147,963.
Might some housing providers abuse the new freedoms set out in the Housing and Planning Bill?
Recent secondary market trades show that there is liquidity in the housing association bond market.
Shared ownership is picking up in the North West, but there are barriers to further growth
Is there too much of an assumption that investors would ‘do the right thing’ in the case of an HA collapse?
The current regime that effectively gives more pensions tax relief to the most well off will have to change at some point.
Housing associations are considering new models for funding development as growing numbers encounter constraints with the most common current structure.
David Blackman asks why local government pension funds have been slow to invest in affordable housing
Housing providers are taking various approaches when assessing what ‘breaks their business’, finds Chloe Stothart
Associations are exploring how they can adapt to a renewed impetus on efficiency, development and stock management across the housing sector, writes Chloe Stothart