Civitas Social Housing PLC Invested Capital Exceeds £200m (7571J)
June 30 2017 - 7:00AM
UK Regulatory
TIDMCSH
RNS Number : 7571J
Civitas Social Housing PLC
30 June 2017
30 June 2017
CIVITAS SOCIAL HOUSING PLC
("Civitas" or the "Company")
Invested Capital Exceeds GBP200m
Following the announcement today of the acquisition of a
portfolio of 19 supported living properties for a consideration of
GBP15.4 million the total capital invested by Civitas since IPO now
exceeds GBP200 million.
With a diversified portfolio of regulated social homes Civitas
is now represented in more than 60 local authority areas in England
and Wales, reflecting over 1,100 underlying tenancies that are
managed by seven housing associations and supported by more than 40
care providers.
All investments have been sourced off-market by Civitas Housing
Advisers Limited ("CHA") the Company's Investment Manager.
The Company is pleased to note that the pipeline of potential
future investments, being assembled by CHA, continues to develop in
a very satisfactory manner and further announcements will be made
in due course. As previously noted each investment is subject to
detailed due diligence with a 100 per cent. physical inspection of
every underlying property.
Michael Wrobel, Chairman of Civitas, commented:
"Whilst we continue to build the pipeline of quality investments
that meet our investment criteria it is pleasing to note that we
have now passed the threshold for completed investments of GBP200
million. With a diversified and broadly based portfolio we are
extending our reach to many areas of the country and providing high
quality social homes that support our underlying tenants."
For further information, please contact:
Civitas Housing Advisors Limited
Paul Bridge Tel: +44 (0)20 3709 4622
Andrew Dawber Tel: +44 (0)20 3709 4626
Cenkos Securities PLC
Sapna Shah Tel: +44 (0)20 7397 1922
Tom Scrivens Tel: +44 (0)20 7397 1915
Pagefield
Philip Dennis Tel: +44 (0)7947 868206
David Leslie Tel: +44 (0)7584 070274
Notes:
Civitas Social Housing PLC is the first Real Estate Investment
Trust offering pure play exposure to social housing in England and
Wales. The Company is managed by Civitas Housing Advisors Limited.
The Company is listed on the premium listing segment of the
Official List of the Financial Conduct Authority and was admitted
to trading on the main market for listed securities of the London
Stock Exchange in November 2016.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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