Social housing property portfolio sold
Social housing group Civitas has agreed a £3.5m deal for three supported living properties.
Each of the properties within the portfolio is subject to a 25-year lease with one of three specialist Housing Associations, including West Bromwich-based Trinity Housing Association.
Stock market-listed Civitas said the unidentified properties are in the West Midlands and South East of England.
The off-market deal has an initial net yield of 6.0%.
Rents, which have been established by the relevant local authority, are adjusted ann... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
