London borough in 'landmark' pension fund move to boost housing supply

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Published by 24publishing for 24dash.com in Housing and also in Central Government, Communities, Local Government

Islington Council is to invest cash from its pension fund into residential property in order to secure returns to build new homes. The council will invest £20m of its £800m pension fund with residential property investment manager Hearthstone Investments in a move expected to reduce liabilities and boost the supply of housing in a time of government cuts. Islington is the first London borough council pension fund to invest in residential property. The TM Hearthstone UK Residential P...

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