Octopus Investments announces £50m first close of Affordable Housing Fund

Octopus Investments, a division of Octopus Group, has achieved the first close of its Affordable Housing Fund at £50 million.

This initial capital, raised with contributions from London CIV for London’s Local Government Pension Schemes, is earmarked for constructing over 500 affordable homes for families and older persons across the UK.

This effort is part of a broader target to fund 5,000 homes in the coming years.

The fund is structured to allow co-investment from Local Authorities, LGPS, and other locally focused investors, enhancing capital availability for affordable housing projects. It is noted that the fund will not include investments in specialist-supported housing.

Octopus’ social housing sector, NewArch, has adopted the Sustainability Reporting Standard for Social Housing (SRS), an ESG measurement and reporting framework.

Additionally, Octopus has published a report addressing the funding challenges in the affordable housing sector, highlighting increased repair and maintenance costs and the anticipated reduction in new affordable homes due to financial constraints.

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