Legal & General invest €54m in Clúid Housing
LGIM Real Assets (Legal & General) announces that it has provided €54 million in long-term financing to Clúid Housing, Ireland’s largest approved housing body (AHBs). The funding will enable the delivery of c.200 new social homes across Ireland, and marks the first Irish AHB to secure a financing agreement of this scale with an international institutional asset manager. Aligned with its social purpose, Legal & General has over £1.5 billion invested in affordable housing to date in the UK. This is Legal & General’s first investment in the Irish social housing sector, and brings much needed long-term pension fund capital to the housing sector.
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