Finance

Civitas looks to broaden range of social housing investments

By 2019-06-27T23:00:00

Elderly care home

Source: Shutterstock/New Africa

Social housing REIT plans to invest in ‘step down’ housing for hospital leavers to relieve pressure on the NHS.

Andrew Dawber, a director of the group’s investment adviser Civitas Housing Advisors, said it had a further £170m of debt to draw down and “could envisage” increasing its war chest to around £300m via an equity fundraising in the coming months.

Dawber added that 80% of the portfolio comprised housing for the elderly and those with autism, learning disabilities and mental health issues, but that Civitas was looking to broaden its range of investments.

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