In 2012, L&Q invested in the Real Lettings Property Fund. The fund was created in partnership with an investment management firm, Resonance, and London-based homelessness charity, St Mungo's.
It was developed to respond to the lack of private rented accommodation accessible to the rising numbers of people living in temporary accommodation and those at risk of homelessness.
We were one of the first and largest social investors in the fund. Our £10m investment has helped them source, purchase and refurbish a portfolio of more than 250, one and two-bedroom properties in London.
These have been leased to St Mungo's to provide quality accommodation to families and people at risk of homelessness.
The Real Lettings Property Fund has grown to become the largest impact investment fund in the UK at a final close of £57m.