Residential Secure Income (ReSI) has paid £40.2m for a 478-property retirement homes portfolio from Places for People, one of the UK’s leading housing associations.
The portfolio consists primarily of one-bedroom flats and is located across 284 purpose-built retirement schemes, with over 93% located in southern England, including Greater London. The properties are held on a long leasehold basis, with a weighted average unexpired lease term of 92 years.
You must be logged in to view premium stories.
Take out a print and online or online only subscription and you will get immediate access to:
To get access to premium content subscribe today
Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts