Triple Point Social Housing REIT (SOHO) has agreed heads of terms on a portfolio sale at an aggregate value in excess of £20m, with completion expected prior to the release of the interim results in September.
In a stock exchange notice today (10 June), the trust said the potential sale is representative of its wider portfolio and contains a range of both new build and adapted properties, as well as self-contained and shared homes. In May, the trust set out intentions to make further portfolio sales this year to resume its share buyback programme. The plans follow the sale of specialised supported housing properties in August 2023 for around £7.6m. Triple Point Social Housing eyes portfolio sales to resume share buybacks The sales would be used to return capital to shareholders via furt...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
