Aberdeen Standard Investments (ASI) has provided funding to three French social housing providers to help achieve their social housing development plans over the coming years and diversify their funding profiles.
French social housing providers can be an attractive asset class for institutional investors given the strong regulatory framework, counter-cyclical nature and predictable cash flows, with implied government support. The social housing sector is also attractive to clients from an Environmental, Social and Governance (ESG) perspective, given its clear impact on social outcomes whilst delivering value to investors.
With these investments, deployed throughout the COVID-19 crisis, ASI is supporting the further expansion of affordable housing stock in high-demand French metropolitan areas. The transactions provided:
Cedric Rozier, Investment Director at ASI said: “We are delighted to have been able to support the French social housing sector and further increase our exposure to euro-denominated investments, which many clients are interested in. These transactions allow us to provide our clients with high quality private credit exposures, aiming to deliver long term stable cash flows.”
*The Phoenix Group long standing strategic partnership with Aberdeen Standard Investments as its preferred investment manager.
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