Places for People Financing Advice on a Lease Transaction
Centrus was engaged by Places for People, which was seeking to raise significant additional capacity to unlock key development sites. By gaining a detailed understanding of its financing and corporate objectives, we were able to present different options, of which a lease transaction was deemed the most efficient in terms of the balance between cost and leverage. A funding competition between investors was organised to drive competition and ensure value for money. Places for People raised £252m, which remains the largest direct investment in the UK housing sector by a single investor to date.