Finance

ReSi buys four buildings in Luton for £13m

By 2018-07-16T07:50:00

Council housing

Source: Shutterstock/Ewelina Wachala

Residential Secure Income (ReSI) has paid £13m for four freehold residential buildings in Luton.

The buildings have a 9.2-year lease to the local authority, with an option for the local authority to extend by 10 years, and are used to provide housing under the local authority’s statutory obligations, as well as back to work and support services to tenants.

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