Triple Point Social Housing REIT Plc completes the acquisition of 4 supported housing properties

  • Jan 07, 2020 GMT
  • Team Kalkine
  Triple Point Social Housing REIT Plc (LON: SOHO) has completed the acquisition of 4 supported housing properties.
  • The acquisition comprises of 41 units in total, with an aggregate pledge of around £6.3 million, excluding costs.
  • 35 units of the properties are located in Yorkshire and the rest of the 6 units are located in the East of England.
  • The company further reported that it has entered into new FRI leases in respect of each of the properties acquired for a minimum period of 20 years with the ability to extend for five years.
  • On 7th January 2020, at the time of writing, GMT 08:05 AM, SOHO shares were trading at GBX 91.18, down by 0.025 points or 0.03% against the previous day closing price.

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