Magenta Living lands £77m to build 1,300 homes on Merseyside
What's the deal? Magenta LivingDealroom has a profile for this one. Try Dealroom →, Wirral's largest housing provider, has secured £77 million in debt financing to build 1,300 new homes across the Liverpool City Region by 2030. The package includes a £12 million loan from CAF Bank and a £10 million facility from Danske Bank.
Where the money goes: The CAF Bank loan — described as one of the bank's largest — will fund social-rent homes with strong energy efficiency, including 94 "green homes" in Birkenhead targeting an EPC rating of B or above. The wider package also draws on £40 million from Santander.
Why now? Chief finance officer Paul McGrady said Magenta is "moving quickly to put our capital to work on building new properties and refurbing homes," adding that it will return to market to fund more of its programme.
What's the endgame? For Danske Bank, the deal marks its first housing association financing in the Liverpool City Region as it expands beyond Northern Ireland. "Danske Bank has an established and growing presence in the social housing sector across the UK," said relationship director Terri McCullagh.
At £77 million, the raise sits among the larger provider-level housing deals in the region — a scale that stands out even against a far bigger wave of public money.
The signal: The timing matters. The Liverpool City Region has an indicative £700 million allocation through the new Social and Affordable Homes Programme, while Homes EnglandDealroom has a profile for this one. Try Dealroom →'s first strategic-partner awards include roughly £380 million for about 3,100 local homes. Magenta's borrowing is separate from those public grants — showing how housing associations are pairing private lending with public support to accelerate affordable delivery.
Read more: britbrief.co.uk
Image credit: Generated with Gemini
