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Igloo Fund Acquired by Places for People

09 May 2018

igloo Regeneration Ltd, the sustainable regeneration specialist, has today announced that Places for People has acquired the assets of the igloo Regeneration Partnership Fund, managed by Aviva Investors, as well as the fund’s joint venture (JV) holdings and ongoing property interests.

Places for People will acquire, inter alia, 50 percent of the Blueprint Regeneration Partnership, a UCIS between igloo Regeneration Partnership Fund and Nottingham City Council, as well as 50 percent of BIGG Regeneration, a JV with Scottish Canals. PfP Capital will act as the investment manager with igloo Regeneration Ltd retaining its role as development manager.

The deal with Places for People marks the beginning of a second phase for the successful fund which first launched in 2001 and was described by the United Nations as “the world’s first socially responsible property fund”.

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