22nd Aug 2018 11:44
LONDON (Alliance News) - Civitas Social Housing PLC said Wednesday it has acquired a portfolio of regulated social housing for a total of GBP37.6 million.
The portfolio comprises 67 properties with 362 tenancies across England.
The properties are subject to long term leases, and will be managed by Bespoke Supportive Tenancies Ltd and My Space Housing Solutions, Civitas's new registered provider.
The company said the acquisition was funded through available debt finance and cash resources from its recently issued C shares.
Shares in Civitas Social Housing were up 0.2% at 108.16 pence on Wednesday.
Related Shares:
CSH.L