Gresham House Residential Secure Income LP (ReSI LP), a limited partnership investing in UK shared ownership property, has agreed a £30 mln (€35 mln) sustainability-linked credit facility with MUFG to support the delivery of shared ownership housing in the UK.
The facility includes sustainability KPIs relating to the continued reduction of carbon emissions and the delivery of increasingly energy efficient homes. It is the first sustainability-linked credit facility agreed by Gresham House’s housing team and will support ReSI LP in its delivery of more than 1,400 affordable, shared ownership homes.
The loan is in line with Gresham House’s commitment to deliver sustainable, efficient homes within the strategy, the company siad.
The strategy has committed £300 mln to its portfolio of 1,400 shared ownership homes since its launch in 2021, with an active pipeline for a further 10,000 homes.
Ben Fry, managing director, housing at Gresham House, said: 'This credit facility will support ReSI LP’s continued investment in shared ownership housing around the UK at a time when this is crucial to addressing the housing crisis. Delivering housing in a sustainable way is a key part of the fund’s strategy, so the ambitious sustainability incentives within this facility will support the fund in improving its already strong environmental performance.'
