Rockpool Investments, the new private equity investment firm, has completed its first investment, acquiring a social housing development from the AIM-listed specialist developer, Ashley House plc, for a total consideration of £5.5m.
The investment – a recently built social housing development for adults needing extra care in St Helens, Merseyside – is structured to offer investors an inflation linked yield of RPI plus 4% (over 7% per annum initially), making it an attractive hedge against inflation.
Full story