14th Jun 2018 12:41
LONDON (Alliance News) - Civitas Social Housing PLC said on Thursday it has acquired six specialist supported living properties and one residential care property for GBP5.4 million.
The properties comprise of 44 tenancies and will be managed by Falcon Housing Association. The properties are subject to 25-year leases with rents adjusted annually in line with inflation over the period.
The portfolio acquisition was funded through cash resources.
Shares in Civitas Social Housing were up 0.5% at 103.00 pence on Thursday.
Related Shares:
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