The Housing team at Harper Macleod has advised Eildon Housing Association on a £40 million funding package with the Pension Insurance Corporation, which will help Eildon build 750 new homes by 2021.
The private placement deal is investor PIC’s first private placement with a Scottish housing association.
The long-term investment in the Borders-based organisation was secured following a process that attracted interest from several major financial institutions and will support Eildon’s programme of building high-quality affordable homes.
Born in 1973, Eildon Housing Association provides housing, care and support services to people right across the Scottish Borders region.
Derek Hogg (Picture), Partner and head of the specialist housing team at Harper Macleod, advised on this deal.
Involved fees earner: Derek Hogg – Harper Macleod;
Law Firms: Harper Macleod;
Clients: Eildon Housing Association;