An investment company for housing and regeneration projects using the ailing private finance initiative has been formed.
Regenter is a partnership between investment company UK Pacific Investment Management – which is run by the same consortium as housing manager Pinnacle – and Equion, a division of John Laing.

The group of companies will work together on PFI projects to ensure smooth progress.

John Swinney, Pinnacle's chief executive, said: "Too many PFI consortia are at risk of falling apart because there are too many separate companies involved."

Regenter has already been selected as a preferred bidder for a 1200-home PFI project in Canning Town, east London, and a community centre in Bentilee, Stoke-on-Trent.

UKPIM director Perry Lloyd said: "As partners with Equion and Pinnacle, we bring together complementary skills. We believe that by linking Equion's expertise

in investment, bid management, financing and equity provision, Pinnacle's track record in neighbourhood management and UKPIM's market focus on housing, we can create a delivery vehicle that reflects the needs and demands of local authorities and their residents."

Regenter is currently trying to raise private equity to ensure its future.

Source

Housing Today