LPFA to fund London housing development
Thursday, September 18, 2014
The London Pensions Fund Authority (LPFA) has been appointed to finance 85% of a housing project in East London.
The development will take place in Pontoon Dock, which is a 0.69-hectare site within Royal Docks.
LPFA said it was part of its focus on asset and liability management (ALM) and active management of inflation and interest rate risks.
This current strategy has helped to boost the funding level from 81% to 91% in the three years to March 2013, LPFA said.
Susan Martin, LPFA CEO, said: "We are delighted to have been selected as the majority financial backer for this project.
"Investing directly in the redevelopment of the Pontoon Dock site will not only deliver essential housing for London, but will also provide LPFA with the attractive, liability matching, long-term returns we need to provide for our pensioners."
First published 18.09.2014
monique_simpson@wilmington.co.uk
