5th Jan 2022 09:45
Triple Point Social Housing REIT PLC - London-based real estate investment trust - Acquires four properties and exchanges contract on another containing 45 units. The consideration for all the properties is GBP9.4 million. The properties are located across the UK and comprise of specialist homes for individuals with learning disabilities and other support and care needs. Triple Point Social Housing also enters into new full repairing and insuring leases in respect to the properties for a minimum of 20 years. The rents received under these leases are subject to annual, upward-only rent reviews. The properties generate net initial yields in line with the company's existing portfolio, Triple Point adds.
Current stock price: 96.52 pence, up 0.8% in London
Year-to-date change: down 0.3%
By Heather Rydings; [email protected]
Copyright 2022 Alliance News Limited. All Rights Reserved.
Related Shares:
Social Housing