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CSH Civitas Social Housing Plc

79.80
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Civitas Social Housing Plc LSE:CSH London Ordinary Share GB00BD8HBD32 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 79.80 79.70 80.20 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Civitas Social Housing PLC Invested Capital Exceeds £200m (7571J)

30/06/2017 12:00pm

UK Regulatory


Civitas Social Housing (LSE:CSH)
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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

STRFMMMTMBAJBLR

(END) Dow Jones Newswires

June 30, 2017 07:00 ET (11:00 GMT)

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