Kinnerton to set up €500m social housing fund

Kinnerton, a London and Copenhagen-based fund with €400 million worth of managed assets, hopes to set up a major social housing fund in partnership with larger Irish credit unions.

It aims to have between 30 and 40 credit unions investing in a fund of between €450 million and €500 million in total, according to a proposal it outlined to the Central Bank. The bank’s rules have recently changed to allow credit unions to ...