Social housing group expands portfolio with £14.5m acquisition
Social housing group Civitas has strengthened its portfolio with the acquisition of nine specialist properties in the West Midlands in a deal worth more than £14.5m.
The company has not identified the properties individually but has said they come complete with 63 tenancies.
The total of the deal is said to be £14,595,082 and the properties will be immediately income generating with an initial net yield in line with Civitas’ expectations.
The deal was sourced off-market by Civitas Housing Advisors, the company's investmen... 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...