We are pleased to announce our most recent investment in the social and affordable housing sector, securing investment in the latest bond issue from Places for People (PfP).

Originating from the North British Housing Association, PfP has grown into one of the UK’s largest housing associations and is a major provider of property management, development, and regeneration services. A network of subsidiary companies builds, manages, maintains and repairs properties. It also provides ancillary services such as financing for first time buyers, supported accommodation and at-home care services, and job and training opportunities for tenants. Through this integrated model, PfP aims to create ‘neighbourhoods of choice’ as opposed to dislocated housing developments.

PfP also integrates environmental considerations (particularly with respect to energy efficiency) into property design and maintenance; the group spends some £1m per year on domestic energy efficiency programmes. It has externally accredited environmental management systems and has partnered with a solar power company to develop cost-effective solar powered products for use in its developments.

For more information, please contact john.david@rathbones.com.