Housing group Wheatley lands £100m BlackRock investment

BlackRock Real Assets has closed a £100 million social housing debt investment for the Wheatley housing group.

Wheatley chairman Alastair MacNish said the funding would help the group 'press ahead' with providing affordable homes. Picture: Tom Finnie

Wheatley, Scotland’s largest housing, care and property-management group, owns or manages 83,000 homes, most for social rent. The debt financing will in part be used to develop 3,500 new social and mid-market rented homes in Scotland.

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Jonathan Stevens, head of European infrastructure debt at BlackRock, said: “We are delighted to have closed this investment on behalf of our clients.”

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He added: “The provision of social housing is an essential service, and housing in Scotland and the UK is in short supply. We hope our investment makes a genuine contribution towards addressing this issue.”

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Wheatley chairman Alastair MacNish said the funding would allow the company to “press ahead” with providing affordable homes and good services across Scotland.

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