Triple Point Social Housing Acquires Six Properties For GBP18 Million

(Alliance News) - Triple Point Social Housing REIT PLC said Tuesday it has acquired six ...

Alliance News 25 February, 2020 | 12:12PM
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(Alliance News) - Triple Point Social Housing REIT PLC said Tuesday it has acquired six supporting housing properties and a care home for GBP18.3 million in total.

The properties comprise 91 units in total, with 43 in the West Midlands, 40 in Yorkshire, five in South East and three in the North West.

The London-based property investor has entered into new full repairing and insuring leases for each of the properties acquired for periods of between 20 and 35 years, with specialist housing associations.

Shares in Triple Point Social Housing were up 0.6% at 98.40 pence on Tuesday in London.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Triple Point Social Housing REIT Ord 91.60 GBX -5.18 -

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