Morley Fund Management is setting up a £200m urban regeneration fund, aiming to fund developments in UK towns and cities.
The fund will be called the Igloo Regeneration Partnership. Current director of Amec Developments Chris Brown will join the fund as development manager in April.
Morley head of property Ian Womack says: “This fund brings together the expertise we have been building though other funds which we have established in the private residential, social housing, hotel and healthcare sectors. Regeneration projects also have a strong socially responsible investment characteristics, an area which is key to Morley.”