Residential Secure Income (Resi), a new investment group targetting social housing, is set to float on the main market of the London Stock Exchange next month.
Scheduled for 12 July, Resi plans to raise £300m as part of the initial public offering (IPO).
The company intends to become a real estate investment trust (Reit) and is eyeing up investments in the residential property sector including social housing providers housing associations and local authorities.
Resi said investment in the social housing sector will provide "secure, long-dated, inflation-linked income returns with the potential for capital growth and with low sensitivity to residential house prices".
Baroness Dean of Thornton le Fylde, chairman of Residential Secure Income plc, said: “Residential Secure Income aims to become a long term capital partner of housing associations and local authorities, enabling them to increase their development of new homes by re-cycling capital whilsecontinuing to manage, maintain and rent out the homes.
"Resi represents a highly scalable, long-term investment opportunity to generate secure, inflation-linked returns for shareholders with the potential for capital growth.”