Civitas Social Housing Explained

Civitas Social Housing is a large British investment trust dedicated to investments in existing portfolios of built social homes in England and Wales. Established in 2016,[1] the company is listed on the London Stock Exchange.[2] The Chairman is Michael Wrobel.[3]

It is the largest social housing real estate investment trust, working with 15 housing associations.[4] The Regulator of Social Housing has challenged the business model of some of its providers where rent income from housing benefit payments is less than lease expenditure.[5]

In October 2021, the company promised proper disclosure about property transactions after criticism that it had failed to adequately disclose the fact that its fund managers were significant shareholders in companies from which the company had bought four property portfolios.[6]

In July 2023, CK Asset Holdings confirmed that its wholly owned indirect subsidiary, Wellness Unity, would be acquiring the company at a price which valued it at approximately £485 million.[7]

External links

Notes and References

  1. Web site: Civitas Social Housing Raises GBP350 Million In London IPO. 6 November 2016. Morning Star. 9 November 2018. 9 November 2018. https://web.archive.org/web/20181109153249/http://www.morningstar.co.uk/uk/news/AN_1479286738513795300/civitas-social-housing-raises-gbp350-million-in-london-ipo-(allipo).aspx. live.
  2. Web site: FTSE UK Index Series: Annual Review June 2020. 3 June 2020. 3 June 2020. https://web.archive.org/web/20200603233614/https://research.ftserussell.com/products/index-notices/home/getnotice/?id=2596588. 3 June 2020. dead.
  3. Web site: Civitas Social Housing aims to double in size with share issue. 28 September 2018. City Wire. 9 November 2018. 9 November 2018. https://web.archive.org/web/20181109193735/https://citywire.co.uk/investment-trust-insider/news/civitas-social-housing-aims-to-double-in-size-with-share-issue/a1053876. live.
  4. News: REIT moves into Scotland using housing association only registered in England . 20 May 2019 . Inside Housing . 20 May 2019 . 9 July 2021 . https://web.archive.org/web/20210709223810/https://www.insidehousing.co.uk/news/reit-moves-into-scotland-using-housing-association-only-registered-in-england-61421 . live .
  5. News: Watchdog bites another of Civitas' housing associations . 20 May 2019 . Investment Trust Insider . 9 May 2019 . 9 July 2021 . https://web.archive.org/web/20210709223843/https://citywire.co.uk/investment-trust-insider/news/watchdog-bites-another-of-civitas-housing-associations/a1227544 . live .
  6. Web site: Civitas promises better disclosure after short attack. 1 November 2021. citywire.co.uk.
  7. News: Civitas Social Housing REIT to delist on 4 August following takeover. 6 July 2023. Investment Week. 7 July 2023.

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