John Laing spends £30.5m on London social housing projects
John Laing Infrastructure Fund (JLIF), the specialist private finance initiative (PFI) investor, has spent £30.5m on three social housing projects in north London.
John Laing Infrastructure Fund (JLIF), the specialist private finance initiative (PFI) investor, has spent £30.5m on three social housing projects in north London.
Its investment will see the firm gain a 50% stake in a project in Camden and two 45% stakes in deveopments in Islington.
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The three projects have government-backed revenue streams, linked to inflation, which John Laing says will "provide JLIF with a low risk, stable income."
One of the firm's investment advisers, Andrew Charlesworth, said the deal met JLIF's criteria: "these three projects, located in the heart of London's prime real estate market, are operationally mature, with minimal retained risk and stable cash flows".
Over the last year JLIF shares have gained 1.6% in value.
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