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Housing association secures £250m sustainability bond


Laurence Kilgannon
A Wilshire-headquartered housing association has priced its first £250m sustainability bond with the proceeds bolstering its fund for developing new affordable homes.
Headquartered in Devizes, Aster owns and manages more than 30,000 homes across the south of England. It is investing in excess of £2bn over seven years in new homes.
Under the group’s new European medium-term notes (EMTN) programme, the 15-year sustainability bond, which was four times oversubscribed, comprised £200m immediate funding and a further £50m retained.
The group, which holds an A+ (stable) credit rating from Standard & Poor’s, said the bond would be used to fund the construction of new energy efficient homes for affordable and social rent and shared ownership. ....

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Harry Redknapp sparks row with wealthy residents over plans to build modern homes in coastal suburb


Harry Redknapp is embroiled in a row with wealthy residents over his plans to build two modern homes in a sought-after coastal suburb.
The former football manager’s property development firm wants to demolish a bungalow to make way for the three-storey houses in Canford Cliffs in Poole, Dorset.
One resident said the properties would overlook the back garden of her £1.2million home and others have raised concerns about traffic, noise and pollution.
Plans for the project have been submitted by Pierfront Developments, owned by I’m A Celebrity winner Redknapp and his wife Sandra and run by their son Mark, older brother of former footballer Jamie. ....

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