LONDON (Alliance News) - Social housing investor Residential Secure Income PLC said on Friday it has acquired a 39-unit leased rental homes portfolio for GBP6.5 million.
The units are located across England and Wales, and is made up of two bedroom, modern flats, The properties are currently held on a long leasehold basis with a weighted average unexpired lease term of 114 years.
The flat is leased to the freeholder of the retirement block and used to house the property managers under the terms of the headlease obligations.
The acquisition has been funded from cash resources.
Shares in Residential Secure Income were up 0.3% at 92.27 pence on Friday.
Residential Sec (RESI)