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LocalGov co uk - Your authority on UK local government - Local authority pension group s fund secures £50m investment localgov.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from localgov.co.uk Daily Mail and Mail on Sunday newspapers.
The London Fund secures £50m investment from LPFA
This comes as the fund makes its inaugural investment
The London Fund has secured a £50m investment from the London Pensions Fund Authority (LPFA), bringing its total investment capital to £150m.
The investment comes as the fund makes its first investment - in Delancey and Oxford Properties co-investment build to rent platform, called Door.
Door is part of build to rent operator Get Living, and will facilitate The London Fund s investment in housing developments in areas such as East Village, Stratford and Elephant and Castle.
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This includes nearly 3,000 homes under management, 1,870 homes under construction and a further 3,500 in the future.