Aviva plc makes £100 million UK rental homes bet with National Housing Bank
Aviva and the National Housing Bank will invest £100 million to build family rental homes in Liverpool and Manchester, with plans to expand to 3,300 homes nationwide. The partnership is among the first backed by the new government housing bank, which launches Wednesday with up to £16 billion in funding. About 300 homes will be built initially, including 135 in Liverpool and 150 in Manchester. Aviva Investors will manage the assets.