Register
Login:
Share:
Email Facebook Twitter

RNS VIDEO: Reabold Resources #RBD raise £6 million and take stake in Danube Petroleum Watch here

EXCLUSIVE: HemoGenyx are creating blood cancer treatments with US$9 billion market potential


Alliance News


Civitas Social Buys Three Specialist Supported-Living Properties

Mon, 9th Oct 2017 10:48


LONDON (Alliance News) - Civitas Social Housing PLC said Monday it has acquired three specialist supported living and residential care investments for GBP8.5 million.

Civtas said the purchase comprises of the freehold interest in five properties with 43 tenancies, and all are immediately income generating with an initial net yield in line with its expectations.

The first investment was acquired for GBP3.9 million and comprises of one property situated within the London Borough of Havering, with 17 tenancies, while the second investment was acquired for GBP1.4 million and comprises of one property situated in the West Midlands within the borough of Walsall and has 10 tenancies.

Both have been adapted for use as a specialist supported living home for tenants with physical and/or mental disabilities or other care needs, and there is a care provider in place for the property Civtas said. They are also both subject to a 25-year leases with a specialist Housing Association, Trinity Housing Association.

The third investment was acquired for GBP3.2 million and comprises of 16 tenancies within three properties in the West Midlands within Worcestershire. All the properties have been adapted for use as specialist supported living for tenants with care needs, and have a care provider in place for the property. These properties are subject to a 25-year lease with a specialist Housing Association Falcon Housing Association.

Shares in Civitas Social Housing were up 1% at 110.25 pence Monday.

By Gem Sofianos; gemsofianos@alliancenews.com

Copyright 2017 Alliance News Limited. All Rights Reserved.

Alliance News



Back to Alliance News


Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk




Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.