Residential : Housing News News
Nationwide House Price Index - Industry Reaction

 Nationwide House Price Index – Industry Reaction

The latest index shows that: – CEO of Yopa, Verona Frankish, commented:  “The UK property market has begun the year on the front foot and we’re now seeing the rate of house price growth start to accelerate, as more buyers push on with their plans to purchase following a brief

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Pulse Fibre welcomes new gigabit broadband requirements for Scottish homes

Pulse Fibre welcomes new gigabit broadband requirements for Scottish homes

Pulse Fibre, a leading provider of next-generation broadband, has welcomed the Scottish Government’s recent legislation requiring all new homes to be gigabit broadband-ready, calling it a vital step forward in ensuring homes are equipped for the demands of modern living. “This requirement should have already been standard,” said Robert Buckingham,

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gs8 and Octopus Energy unveil UK’s largest ‘Zero Bills' Housing Development and Groundbreaking Residential Microgrid

gs8 and Octopus Energy unveil UK’s largest ‘Zero Bills’ Housing Development and Groundbreaking Residential Microgrid

gs8, the RIBA Award-winning UK housebuilder specialising in Planet Positive homes and neighbourhoods, has begun construction on 113 new homes in Thornwood, Essex. The development, Carpenter’s Yard, marks the UK’s largest ‘Zero Bill’s development, in partnership with Octopus Energy. The first homes will be launched in April, with the first

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West London Partnership to start Bollo Lane blocks

West London Partnership to start Bollo Lane blocks

Barratt London and Places for London have successfully secured planning approval for the next phase of the Bollo Lane development, following a unanimous vote by Ealing Borough Council’s planning committee. Located between Bollo Lane and the Piccadilly railway lines near Acton Town Station, the site is a key part of

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Don’t let new homes detract from supporting those we’ve already got

Don’t let new homes detract from supporting those we’ve already got

DEPUTY prime minister and housing minister Angela Rayner has announced a further £350 million pledged toward Labour’s momentous 1.5 million home target. However, while building new homes is essential to addressing the planning crisis, Derek Horrocks, owner of retrofit decarbonisation provider Sustainable Building Services UK Ltd and chair of the National

Read More »
LGA Responds to IPPR Report on unbuilt homes

LGA Responds to IPPR Report on unbuilt homes

On Friday 14th February the IPPR has released a new report that has found 1.4m houses have been left unbuilt by developers since 2007. Cllr Adam Hug, Housing spokesperson for the LGA, said: “This report puts a spotlight on one of the key issues the LGA has long-called for Government

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Legal & General Secures £510m to Boost Affordable Housing Development

Legal & General Secures £510m to Boost Affordable Housing Development

Legal & General has raised an impressive £510 million as part of its Affordable Housing Fund’s second close, reinforcing its commitment to tackling the UK’s housing crisis. The latest round of investment includes a £100 million contribution from London CIV, which manages London Local Government Pension Scheme (LGPS) assets, along

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Latest Issue
Issue 326 : Mar 2025

Residential : Housing News News

Nationwide House Price Index - Industry Reaction

 Nationwide House Price Index – Industry Reaction

The latest index shows that: – CEO of Yopa, Verona Frankish, commented:  “The UK property market has begun the year on the front foot and we’re now seeing the rate of house price growth start to accelerate, as more buyers push on with their plans to purchase following a brief respite over the Christmas period. A degree of this increased activity in recent months has, of course, been spurred by the impending stamp duty deadline at the end of March, with those making their move keen to reach completion and avoid any increased cost when buying. However, we’ve seen the vast majority of buyers take the potential stamp duty cost increase into consideration before submitting their offers, so whilst there may be a momentary market correction, we expect momentum to continue building beyond 1st April.” Director of Benham and Reeves, Marc von Grundherr, commented: “A consistently positive performance has been the theme for the UK property market over much of the last year and this theme has so far continued in 2025. House prices may not be climbing at the same rate as previous market peaks, but some may argue that this more measured rate of growth is far healthier for the market, particularly when you consider that first-time buyer activity is on the up, despite the fact that this market segment faces the toughest task with respect to affordability.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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Pulse Fibre welcomes new gigabit broadband requirements for Scottish homes

Pulse Fibre welcomes new gigabit broadband requirements for Scottish homes

Pulse Fibre, a leading provider of next-generation broadband, has welcomed the Scottish Government’s recent legislation requiring all new homes to be gigabit broadband-ready, calling it a vital step forward in ensuring homes are equipped for the demands of modern living. “This requirement should have already been standard,” said Robert Buckingham, Operations Director from Pulse Fibre. “When similar laws came into effect in England in December 2022, the opportunity to establish a nationwide standard was missed. However, this is an important step in ensuring that new homes across Scotland are prepared for the digital future.” The rise of smart homes and technology-reliant lifestyles has highlighted the need for robust broadband infrastructure. Pulse Fibre, already deploying 10Gb full-fibre broadband, not only complies with current regulations but also futureproofs developments, ensuring they can support technological advancements for years to come. Challenges and Opportunities for Developers and Providers Pulse Fibre acknowledges that developers and broadband providers may face challenges in implementing the new regulations. Installing high-speed infrastructure, especially in rural areas, can be costly and logistically complex. Developers must also balance upfront investment costs with ensuring that broadband infrastructure remains adaptable to future technological needs. To support developers, Pulse Fibre offers unique solutions like its Construction Mode, enabling developers to prepare smart homes with full broadband functionality before homeowners move in. Additionally, Day One Connectivity ensures that new homes are internet-ready from the moment they are occupied, setting a new benchmark for convenience and reliability. Pulse Fibre emphasises that collaboration between developers and broadband providers is critical to achieving these standards effectively. This includes early engagement, leveraging government incentives, efficient construction coordination, and embracing open network models that allow multiple service providers to operate on shared infrastructure, driving competitive pricing for homeowners. The new regulations promise an enhanced digital world for homeowners, with gigabit broadband providing better reliability and performance, empowering homeowners to support internet-heavy lifestyles, including smart home technology and streaming services. However, Pulse Fibre is advocating for further regulatory reforms to streamline gigabit broadband deployment. These include improving open network access and addressing high infrastructure fees that can slow progress. “Pulse Fibre is ready to partner with developers to meet these new standards, offering innovative and scalable broadband solutions that enhance connectivity while ensuring long-term adaptability,” Robert Buckingham added. “Together, we can build communities that are ready for the digital future.” For more information visit: www.pulsefibre.co.uk Building, Design & Construction Magazine | The Choice of Industry Professionals

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Landlord licensing extends to 1,900 more properties across Manchester

Landlord licensing extends to 1,900 more properties across Manchester

Selective Licensing is one way that cities can drive up standards in privately rented properties – a key priority for Manchester City Council.   Since 2017, more than 3,500 homes across the city have been fully licensed making sure that those homes are safer and better managed for the tenants living in the properties.   Now, from this week (week commencing 24 Feburary) the owners and managing agents of 1,863 more flats and houses will be required to be apply for a landlord licence that will make sure these homes meet the necessary safety requirements, have the correct gas and electrical safety certification, and that they can demonstrate good management standards.  Currently, private sector homes have fewer regulations protecting residents and Selective Licensing provides Councils to require landlords of all private rented properties to obtain a license in a particular area and is intended to address the impact of poor-quality housing.   Following public consultation, licensing can be introduced if an area is experiencing significant and persistent problems caused by antisocial behaviour (including environmental and waste management issues), poor property conditions, high levels of migration, high levels of deprivation, high levels of crime, low housing demand – or is likely to become such an area.  For the latest designated licensing areas, the Council has specifically targeted homes on the basis of property condition and antisocial behaviour linked to waste management problems.  The new licensing schemes across six Manchester wards, include:   Cllr Gavin White, Manchester City Council’s executive member for housing and development, said:   “We know that there are currently fewer regulations and therefore less protection against poor housing in the private sector than other forms of rental homes – such as social rent properties. This means that there a minority of landlords who we have found do not take the responsibility for their property, the safety of their tenants, nor the impact of their property on the wider community seriously enough.    “This is by no means every landlord and most work hard to make sure the properties they let are safe and of a good standard. But Selective Licensing is one of the ways we can hold landlords that don’t to account and drive up standards for our residents.    “We believe that everyone in Manchester deserves a safe and secure home. This is a basic right and through Selective Licensing we can work directly with landlords and their tenants to make sure this is their reality.  “And we are seeing the impact of our interventions, and more than 3,550 homes have already been licensed, removing 1,700 hazards from Manchester’s private sector homes that would otherwise still be a blight on tenants in the city.”  Impact of previous licensing schemes  Enforcement Action on non-compliant landlords    Enforcement action has been undertaken where necessary to target landlords who have failed to comply with the licensing scheme and notices to improve property conditions.    So far, these include:    Find out more about Selective Licensing  Building, Design & Construction Magazine | The Choice of Industry Professionals

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gs8 and Octopus Energy unveil UK’s largest ‘Zero Bills' Housing Development and Groundbreaking Residential Microgrid

gs8 and Octopus Energy unveil UK’s largest ‘Zero Bills’ Housing Development and Groundbreaking Residential Microgrid

gs8, the RIBA Award-winning UK housebuilder specialising in Planet Positive homes and neighbourhoods, has begun construction on 113 new homes in Thornwood, Essex. The development, Carpenter’s Yard, marks the UK’s largest ‘Zero Bill’s development, in partnership with Octopus Energy. The first homes will be launched in April, with the first completions expected in late 2025. The site will be developed in line with gs8’s Planet Positive Framework and Zero Waste Charter, which means all non-contaminated waste on site is reused wherever possible and recycled as a secondary solution. The carbon stored in the homes and the landscaping exceeds the embodied carbon needed to build and maintain them. The innovative scheme will feature centralised battery storage, allowing the significant on-site energy to be seamlessly shared between properties, creating a market-leading energy-efficient and low carbon ‘Zero Bills’ community. The scheme’s ground-breaking community microgrid will be the first in the world to offer ‘Zero Bills’ through gs8’s partnership with Octopus Energy. Launched in 2022, Octopus’ ‘Zero Bills’ tariff enables customers to move into homes that are fully kitted out with state-of-the-art green tech – including a heat pump, a battery and solar panels – with no energy bills guaranteed for 5-10 years. Carpenter’s Yard will be tenure-blind, with all homes, including its 35 affordable dwellings, built to the same sustainability credentials. Of the affordable homes, 20 are for affordable rent and 15 will be shared ownership. Josh Gordon, Co-Founder, gs8, comments: “This is a landmark development for us as a business, building on the groundbreaking regenerative housing approach we’ve been committed to for the past six plus years. “We  are delighted to continue our successful partnership with Octopus Energy, a pioneering business, that shares our vision and values, seeking to create homes built for the future and developments that bring positive lasting impacts to local communities.” Nigel Banks, Zero Bills Director, Octopus Energy, comments: “’Zero Bills’ is not just about eliminating energy bills – it’s about creating a sustainable future. “Our partnership with gs8 to deliver a microgrid community is all about delivering a truly transformative project that sets a new standard for affordable, eco-friendly living.” Plans feature several new public spaces, including a proposed community café and grocery concept and a permanent office for North Weald Bassett Parish Council, reflecting gs8’s ethos of community building, with the design of the scheme influenced by, and created for, the local community.  Residents will have use of a shared DIY and reuse centre, enabling them to swap infrequently used items including tools and equipment. Residents will also have access to an on-site fitness centre and a pop-up space that can be booked out. Carpenter’s Yard provides multiple designated play areas for children, hidden within the trail garden, and on the pedestrianised ‘play street’ intertwined with a natural landscape featuring logs from felled trees on site, seating, new mature trees, edible planting and habitat creation and enhancement to encourage greater biodiversity. Each home, which will be designed with young families in mind, featuring designated home working spaces. Through gs8’s partnership with Nissan and Volt, electric car club vehicles and electric bicycles will be available for residents to use. An on-site concierge will also provide a number of services, including a shuttle service to Epping Underground Station to encourage sustainable methods of transport and reduced car usage. As with all gs8 developments, the landscape has been designed to be self-sustainable within two years, with the majority of existing trees and hedgerows along the border of the site retained. The former pond on the site will be reinstated and enhanced, with additional wetland and aquatic planting to increase biodiversity, with a dipping deck and seating installed. This results in a biodiversity net gain achieved on-site of over 40%. The scheme has been designed by Boehm Lynas, with whom gs8 were jointly awarded a RIBA National Award plus two RIBA London Awards in 2024 for their Planet Positive project, The Arbour, a collection of 10 homes in Walthamstow, East London. For more information on the homes at Carpenters Yard in Thornwood and to register your interest, please visit: https://www.carpentersyard.com/  Building, Design & Construction Magazine | The Choice of Industry Professionals

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West London Partnership to start Bollo Lane blocks

West London Partnership to start Bollo Lane blocks

Barratt London and Places for London have successfully secured planning approval for the next phase of the Bollo Lane development, following a unanimous vote by Ealing Borough Council’s planning committee. Located between Bollo Lane and the Piccadilly railway lines near Acton Town Station, the site is a key part of the West London Partnership, a major initiative aimed at delivering over 4,000 new homes in the area over the next decade. The Bollo Lane project, which will be developed in four phases, is set to deliver up to 900 new homes, with each phase including 50% affordable housing for rent or purchase. Construction is expected to begin this spring, with the first phase offering 195 one, two, and three-bedroom homes for both private and affordable rent. The second phase, unlocked by this planning approval, will provide 455 additional homes for both affordable and private sale over the next five years. Beyond residential housing, the development will transform the area with a new street frontage along Bollo Lane, creating over 20,000 square feet of commercial and retail spaces. The project will also introduce two new podium gardens for residents, as well as a new public square and community garden that were previously inaccessible. These green spaces will be available to both residents and the wider community, promoting biodiversity and sustainability. The development has been designed with a focus on healthy and active travel, including new pedestrian and cycle routes connecting Acton Town and Chiswick. The Phase 2 plans are expected to deliver a 126% biodiversity net gain, along with an urban greening factor of 0.47. In total, 250 new trees will be planted across the site, and the buildings will incorporate sustainable energy sources to reduce carbon emissions and lower energy bills for residents. As part of the development, Barratt London and Places for London have agreed to Section 106 contributions with Ealing Borough Council, amounting to over £3 million. These funds will support education, healthcare, transport, and other local improvements. Additionally, the project is expected to create up to 500 new jobs throughout its development and offer 20 new apprenticeships through the West London Partnership. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Work starts on new sheltered housing schemes after £7.8million grant is secured

Work starts on new sheltered housing schemes after £7.8million grant is secured

East Riding of Yorkshire Council has been awarded a £7.8 million grant from Homes England, the Government’s Housing and Regeneration Agency, to develop two new sheltered housing schemes and work is now underway. The two sheltered housing developments benefiting from the funding are Moat Hill in Anlaby and Deira Court in Driffield. The Council has committed £25.7 million to demolish and rebuild the accommodations, to meet modern standards and aspirations. Demolition and construction contracts have been awarded to Hull-based developers Hobson & Porter. A groundbreaking ceremony was held at Moat Hill, Anlaby which was attended by representatives from the council and Hobson & Porter, to celebrate the start of the project. The new sheltered schemes will feature a mixture of one-and-two-bedroom flats with generous open-plan layouts. The homes will be adaptable to meet residents’ needs as they age, thereby helping them to live independently for longer. Additionally, there will be a communal resident lounge for social activities, and each scheme will be equipped with the latest digital telecare equipment connected to the Council’s ‘Lifeline’ support service. This funding is part of the Affordable Homes Programme (2021-26), which received an additional £400 million in the Autumn budget. To qualify for this funding, projects must commence by the end of the financial year, with priority given to regeneration developments and those offering social rent. Councillor Anne Handley East Riding of Yorkshire Council leader said “These grants will play a key role in ensuring that the council can continue to invest in its sheltered housing stock. It’s great to see the work in progress, and I look forward to seeing the first new residents move into the accommodation, when the project is completed.” Shahi Islam, Homes England Director of Affordable Housing Grant said “As the Government’s housing and regeneration agency, increasing the supply of quality affordable homes remains one of our key objectives and we are committed to supporting East Riding of Yorkshire Council to achieve their ambitions. “Projects like Moat Hill and Deira Court are key examples of how the agency works collaboratively with partners through the Affordable Homes Programme to achieve our mission to build much needed new communities that people can be proud of.” Mark Smee, Director at Hobson & Porter: “We are delighted to be starting on site with this project in Anlaby. Our business was established back in 1971 principally to provide construction services to local authority housing projects, so its great to be working with one of our longest-served clients in this sector to deliver a flagship, local project like this. We can’t wait to see it develop.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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Don’t let new homes detract from supporting those we’ve already got

Don’t let new homes detract from supporting those we’ve already got

DEPUTY prime minister and housing minister Angela Rayner has announced a further £350 million pledged toward Labour’s momentous 1.5 million home target. However, while building new homes is essential to addressing the planning crisis, Derek Horrocks, owner of retrofit decarbonisation provider Sustainable Building Services UK Ltd and chair of the National Home Decarbonisation Group, believes that we must not overlook another critical factor when it comes to meeting the housing crisis: decarbonisation of existing stock. He said: While it’s reassuring seeing the government making strides in providing new stock, it’s important that with new-build homes taking centre stage in this discussion, we don’t lose focus on the work to be done on our existing housing stock. Bringing these existing homes up to standard – particularly when it comes to energy efficiency – can align with the visions for new homes, working side-by-side to tackle the housing shortages reported across national media every day. It’s also important that the focus on new homes does not create a new divide in terms of the quality living conditions. Improving the energy efficiency of existing homes not only tackles the housing shortage, but also other wider crises people face – including physical and mental wellbeing, and fuel poverty. Simply put, it means that comfortable, safe and healthy living environments and affordable energy bills are shared across everyone in any kind of home – not confined to those in newer builds. Though brilliant progress has been made in recent years installing retrofit decarbonisation measures in UK homes to bring them up to at least EPC rating C, there is still a journey ahead of us. Momentum is continuing to be promising, with the ongoing commitment to the Warm Homes: Social Housing Fund (previously the Social Housing Decarbonisation Fund) and Warm Homes: Local Authority Grant – along with additional funding announced in last year’s Autumn Budget and changes to the National Planning Policy Framework. Together, our aim should be to completely decarbonise the UK’s current social housing stock as soon as possible, installing energy efficient upgrades to raise each home to at least EPC rating C. While certainly beneficial toward climate change, the impact we’re able to make in one home contributes massively to their wellbeing in multiple ways. Better energy efficiency can not only prevent health hazards like damp spreading but can also lower energy bills and provide a greater overall comfort. Put together, we’re making considerable progress against helping these families healthier – financially, physically, mentally, and socially. So, amid the exciting headlines around new homes, and among the discourse around deliverability, it’s crucial we don’t become distracted and take our foot off the pedal elsewhere. We need to keep building on the already-strong momentum – making sure work to decarbonise and retrofit existing homes works in tandem with building new ones to meet the requirements of every local area and community. Some of the focus must stay on our existing housing stock; otherwise, once the new homes are finally built, we risk creating a new problem – a property divide. Learn more about Sustainable Building Services here: www.sustainablebuildinguk.com Building, Design & Construction Magazine | The Choice of Industry Professionals

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LGA Responds to IPPR Report on unbuilt homes

LGA Responds to IPPR Report on unbuilt homes

On Friday 14th February the IPPR has released a new report that has found 1.4m houses have been left unbuilt by developers since 2007. Cllr Adam Hug, Housing spokesperson for the LGA, said: “This report puts a spotlight on one of the key issues the LGA has long-called for Government action on – the need to tackle slow build-out rates from some developers. “In order to deliver the homes we need, Government must work with councils and the housebuilding industry to ensure there is a suitable pipeline of sustainable sites, which once allocated in a Local Plan and / or given planning permission, are indeed built out. Councils approve 9 in 10 planning applications, but people cannot and do not live in planning permissions. Councils must be given greater powers to ensure prompt build out of sites with planning permission,  also should be given the support to ensure they have an up-to-date local plan so they can give certainty to residents and housebuilders’ “Planning is about creating communities linked with the right economic activity and public services, whilst conserving and enhancing the natural and local environment generating a sense of place, culture and local identity. Developments require more than just houses to create thriving, attractive and desirable places and communities in which to live, and often it is the accompanying local and national infrastructure, to be delivered alongside new homes, which is of primary concern for residents.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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New report into the private rental sector calls for urgent action to address poor living standards and fuel poverty

New report into the private rental sector calls for urgent action to address poor living standards and fuel poverty

The report from the National Retrofit Hub, developed in partnership with Impact on Urban Health, exposes the urgent need to improve energy efficiency in the private rental sector (PRS). With 4.5 million households renting privately in England[1] and a shocking 1 in 4 renters living in fuel poverty[2], the report underscores the stark realities of a housing market failing its tenants and the environment. The report delivers a clear message: without immediate action, the PRS risks falling further behind other housing sectors, leaving millions of renters in cold, inefficient homes. This report explores these challenges and proposes a supported pathway to improved housing that considers the needs of both landlords and tenants Addressing poor living standards and fuel poverty Millions of renters in the private rental sector are living in substandard conditions, with poorly insulated homes leaving tenants exposed to the harsh realities of fuel poverty and inequality. Currently, 1 in 4 renters[3] in England struggle to afford their energy bills, a crisis exacerbated by rising costs and the inefficiency of older properties. Many tenants face daily challenges to keep their homes warm and healthy, while landlords often lack the necessary support to make significant improvements. “This situation highlights a systemic issue” commented Cara Holmes, National Retrofit Hub Technical Programme Manager. “The private rental sector risks falling behind other housing tenures, leaving renters trapped in a cycle of inadequate housing and energy insecurity. Tackling this problem requires a coordinated effort to raise standards, improve living conditions, and ensure fair outcomes for both tenants and landlords.” Supporting Landlords to Drive Energy Efficiency Improvements[CH1]  The report highlights the practical challenges landlords face in balancing their financial goals with the need to improve their properties’ energy efficiency. Many landlords view their properties as long-term investments. As one landlord explained, “I got the property because it was the best investment compared to putting my money into a savings account.” While many are committed to maintaining their properties and complying with regulations, the report reveals that landlords often see regulations as a target to meet rather than an opportunity to exceed. “If I’ve had an EPC assessment on my property and it’s below the requirements, I’d want absolute clarity on what my options are to bridge the gap between where I am and where I need to be,” said another landlord. Financial barriers remain a significant hurdle for many. “I don’t have a mortgage, so extending it isn’t an option. The issue would be interest rates and over how many years,” one landlord noted. The findings underline the importance of providing landlords with practical, accessible solutions to retrofit their properties effectively, ensuring they can balance their investment goals with the urgent need for energy efficiency improvements. A call for bold action The report calls for immediate updates to Minimum Energy Efficiency Standards (MEES), setting ambitious yet achievable targets to: However, raising standards alone is not enough. Landlords need a robust package of support to enable meaningful change, including: To ensure tenants are not left behind, the report also calls for stronger compliance and enforcement measures, including: Join the conversation and take action The National Retrofit Hub and Impact for Urban Health invite policymakers, landlords, and industry professionals view the report and take part in conversations about the future of energy efficiency in the private rental sector. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Legal & General Secures £510m to Boost Affordable Housing Development

Legal & General Secures £510m to Boost Affordable Housing Development

Legal & General has raised an impressive £510 million as part of its Affordable Housing Fund’s second close, reinforcing its commitment to tackling the UK’s housing crisis. The latest round of investment includes a £100 million contribution from London CIV, which manages London Local Government Pension Scheme (LGPS) assets, along with additional backing from social impact investor Better Society Capital. The ACCESS Pool, a collaboration of LGPS funds from Central, Eastern, and Southern Shires, has also increased its commitment with a further £20 million, following a previous allocation in 2024. This fresh injection of capital highlights the power of public and private sector collaboration in addressing the shortfall in affordable homes across the UK. Since launching its Affordable Housing Fund in July 2024, Legal & General has seen strong investor interest, with institutions drawn to the potential for inflation-linked returns alongside a meaningful social impact. The new funds will help deliver between 3,500 and 4,000 homes, building on earlier commitments from the Greater Manchester Pension Fund and ACCESS Pool. As part of this latest phase, Legal & General has seeded the fund with an initial portfolio of 514 homes and secured agreements on three additional projects to bring forward more affordable housing. With the current development pipeline, the fund expects to have over 1,000 homes either completed or under construction by the second quarter of 2025. Legal & General Affordable Homes (LGAH) will oversee the development and management of these properties. Since its inception in 2018, LGAH has invested £1 billion into the sector, delivering over 8,000 homes to date. The UK continues to face a significant shortage of affordable housing, with only around 55,000 new affordable homes built annually over the past decade—far below the National Housing Federation’s recommendation of 145,000 per year. As 1.3 million households remain on local authority waiting lists in England, the Fund will prioritise high-quality, purpose-built affordable rent and shared ownership properties in areas of greatest need. Ali Farrell, Fund Manager at Legal & General, commented:“The level of investor interest in this fund reflects the strong appeal of affordable housing as both a stable investment and a means of creating lasting social impact. We are delighted to welcome new partners as we continue delivering high-quality homes in communities where they are needed most.” Christopher Osbourne, Head of Real Estate at London CIV, added:“Our strategy focuses on increasing the supply of high-quality affordable housing, addressing an underserved part of the market while delivering strong returns for our Partner Funds. We are pleased to support Legal & General’s Affordable Housing Fund and to work alongside a respected leader in the sector.” Drew Ritchie, Investment Director at Better Society Capital, said:“Legal & General is playing a key role in mobilising private capital to fund affordable housing, delivering thousands of much-needed homes for families across the UK. We believe in the fund’s potential to drive long-term, sustainable impact and are excited to be part of this initiative.” With strong investor confidence and a growing pipeline of developments, Legal & General’s Affordable Housing Fund is set to play a major role in tackling the UK’s housing crisis while delivering long-term value for investors. Building, Design & Construction Magazine | The Choice of Industry Professionals

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