Places for People has also acquired the fund’s joint venture (JV) holdings and ongoing property interests.

Places for People will acquire, inter alia, 50% of the Blueprint Regeneration Partnership – a UCIS between igloo Regeneration Partnership Fund and Nottingham City Council – as well as 50% of BIGG Regeneration, a JV with Scottish Canals.

PfP Capital will act as the investment manager, while igloo Regeneration Ltd will retain its role as development manager.

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Some £300m has been invested into the fund since it was launched in 2001, which has helped to deliver award-winning schemes across the UK, including eco-friendly homes and commercial space at the Malings, Newcastle (pictured above), and a mix of contemporary, high-quality, low-energy homes at Trent Basin, Nottingham.

Peter Connolly, chief executive at igloo, said: “We have a strong pipeline of projects and now that the partnership with Places for People is in place, we can accelerate delivery and expand our operations.”