Macquarie Provides £ 80 Million Debt Financing to UK Housing Association | News



Macquarie Asset Management has provided £ 80million (€ 95.8million) of long-term debt financing to the UK non-profit housing association Havebury Housing Partnership.

Macquarie said the debt financing would help the registered charitable provider of affordable, social and condominium housing maintain the quality of its existing portfolio, ensure all homes achieve a Level C energy performance certificate by 2030. and develop 250 new homes per year. to 2028.

Macquarie Asset Management’s commitment follows an initial £ 75million investment made by its private lending platform into Havebury Housing Partnership in 2017.

He said the investment helped the housing association maintain its goal of delivering more than 1,200 new homes between 2017 and 2023.

Gareth Edwards, senior vice president of Macquarie Asset Management, said: “The pandemic has underscored the importance of quality homes, communities and neighborhoods to our well-being. The Havebury team has always understood this and places people at the heart of everything they do.

“We welcome this opportunity to provide this additional funding so that they can continue their important work of providing quality, safe and sustainable housing for families. “

Marie McCleary, Director of Resources at Havebury Housing Partnership, said: “Macquarie has been supporting us for a long time and we are absolutely delighted to be able to deepen our partnership with them through this new funding agreement.

“This funding gives us the flexibility we need as we seek to implement our strategy and increase access to affordable housing in the east of England.

“We already have an exciting development program underway and I am delighted that Macquarie is here to support us as we continue to grow and invest in our existing homes. “

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