Social Housing’s exclusive professionals’ league has placed Centrus at the top of its league table for number and value of deals in the Debt Capital Markets for the 12 months to 31st March 2024. This is the third year running that Centrus has ranked top in this independent sector research.
“Centrus is fully committed to playing an important role in delivering solutions to the U.K.’s affordable housing crisis – the stronger our social housing sector, the more vulnerable people have quality homes.”
“The U.K. affordable housing sector is a globally leading example of how public-private financing can succeed but the figures released by Social Housing show a sector taking stock. While the value of deals has held up, the number of deals in the year has dropped on the back of a range of challenges rather than any dent in investor demand, which has remained robust.
This backdrop has required innovation and dynamism in deal structuring, particularly where borrowing costs remain far higher than just a few years ago. Looking forward, we may soon see increased certainty across rent, grant and planning regimes which if delivered will create a more stable environment for long term investment decisions, which drive borrowing need. Having advised on quarter of all deals – and more than half of those with an advisor – our team at Centrus is well practiced in securing the best outcomes for our clients. Critically, that means working to secure funding at pace, with thorough risk assessment and comprehensive data analysis. It is vital to act dynamically, establishing clear objectives to measure and track success, rooted in careful consideration of the right capital structure as discussed by John Tattersall and Tom Miller for Social Housing.