Largest UAE lender entered UK social housing sector

[diyhelp]

First Abu Dhabi Bank has lent London housing association Optivo £50m which could increase to £75m. This is the first time the company has entered the UK social housing market – maybe things aren’t so grim in light of Brexit?

https://www.insidehousing.co.uk/news/news/biggest-lender-from-uae-enters-uk-social-housing-sector-62663

 

[realdeals]

So, what do those who continue to batter the UK property market make of this? This type of money does not enter a market which is in trouble.

 

[Longterminvestor]

I wonder if this also has something to do with the weakness in sterling?