SAF Housing Solutions, the first company in the UK to develop a social housing real estate trust, has confirmed that it is now accepting bids from landlords for a slice of a £700 million funding pot.
In the long-term, REIT is to provide funding for more than 6,000 extra-care and supported homes throughout the country. And it has now been revealed that SAF Housing will list the company on the stock exchange sometime in the next two months.
Phil Shanks, co-founder of SAF, confirmed that a number of parties have already expressed strong interest in the funding.
In fact, the level of interest is already equivalent to as much as £200 million of funding. The vast majority of this is accounted for by local authorities, while charities have also expressed interest.
Phil Shanks, co-founder of SAF, told insidehousing.co.uk: "We want to show [investors] that there is sufficient demand to warrant the size of investment we are asking for."
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