UK, SEPTEMBER 2026 - Real Estate investment business Aprirose has secured a new five-year debt facility for its £134.5m social housing portfolio with L&G’s private credit platform.

The deal brings another new lender to Aprirose and the portfolio comprises 840 social housing units across Bristol, Crawley and East Grinstead. The portfolio spans six properties in and around Crawley, alongside a single large asset in Bristol. All six schemes provide social housing accommodation, an asset class in which Aprirose has built a significant platform as part of its wider long income and asset management strategy.

Aprirose bought the portfolio in 2021 and has been investing in both the assets and the management and customer experience, cementing its position as a responsible investor.

The financing was completed on behalf of both external clients and L&G’s Institutional Retirement business; providing liability matched returns within L&G real estate debt’s high conviction investment sectors.

Gareth Taylor, head of debt capital markets at Aprirose, said: "We are very pleased to continue to support much needed social housing in the UK. We are equally pleased to be working with a new lender in L&G, and the process with the team throughout was very sleek and professional."

Patrick Sweeney, director at L&G real estate debt investments, said: “We are continuing to deliver on our promise to invest in, develop and help facilitate through debt financing, the provision of social and affordable housing in the U.K. The portfolio is well managed and has an excellent financial track record. We look forward to building on our new relationship with Aprirose and helping assist in their ambitions with the portfolio over the next five years”.