Sep
11

Barclays Plants $1.1 Billion Into U.K. Government Housing Fund

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Barclays Plc, one of the world’s biggest investment banks, will invest about 875 million pounds ($1.1 billion) in a U.K. property fund that will lend to home builders.

The fund will make “competitively priced” loans to developers ranging from 5 million pounds to 100 million pounds in a bid to increase the pace and volume of housing provision, the London-based bank said in a statement. The U.K. government’s housing agency will invest 125 million pounds in the venture…

Barclays Plants $1.1 Billion Into U.K. Government Housing Fund

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Categories : Finance, Hedge Funds

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