‘It’s gone’: How a social housing scheme left amateur investors £40m out of pocket Property A social housing investment scheme that promised amateur investors huge returns with no risk has collapsed into administration owing its backers nearly £40m, City AM has learned. Alderley Group, which invested in affordable housing projects across the North West of England, has left around 1000 investors out of pocket after claiming it could guarantee returns [...]
Platform Housing: Turnover up as investment in existing homes trumps construction of new ones Business Platform Housing Group has reported a strong start to the year, although the rate of new-build homes has fallen with the focus shifting to improving social rented properties. Turnover at the company grew by 14.8 per cent to £92.3m in the three months to June 2024, up from £80.4m in June 2023, with 95 per [...]