Sep
11
Barclays Plants $1.1 Billion Into U.K. Government Housing Fund
ByBarclays 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