M&G to invest £1bn in UK multi-family build-to-rent with Asian pension fund

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Investment giant looking to build 3,000 multi-family homes

M&G Investments is investing £1bn into building more than 3,000 rental homes in London and regional cities through a vehicle with an Asian pension fund.

The global asset manager said it will invest money on behalf of the fund, which it has not named, along with investment from its own With Profits Fund.

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