Social housing Reit brings IPO despite worries on state support
In the UK’s lively market for real estate investment trust (Reit) and other fund listings, yet another deal was launched on Thursday. Triple Point Social Housing Reit hopes to raise up to £200m, joining the niche of social housing Reits, which has been growing fast — even though experts are worried government budget cuts could hit the sector’s finances.
Triple Point is at least the third company to list with plans to invest in social housing, after Civitas Social Housing raised £350m in November and Residential Secure Income £180m earlier this month.Canaccord Genuity (bookrunner) and Akur, a corporate finance advisory firm, are advising on ...
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