Civitas Social Housing

Civitas Social Housing (LSE: CSH) is a large British investment trust dedicated to investments in existing portfolios of built social homes in England and Wales. Established in 2016,[1] the company is listed on the London Stock Exchange.[2] The Chairman is Michael Wrobel.[3]

It is the largest social housing real estate investment trust, working with 15 housing associations.[4] The Regulator of Social Housing has challenged the business model of some of its providers where rent income from housing benefit payments is less than lease expenditure.[5]

In October 2021, the company promised proper disclosure about property transactions after criticism that it had failed to adequately disclose the fact that its fund managers were significant shareholders in companies from which the company had bought four property portfolios.[6]

In July 2023, CK Asset Holdings confirmed that its wholly owned indirect subsidiary, Wellness Unity, would be acquiring the company at a price which valued it at approximately £485 million.[7]

References
  1. "Civitas Social Housing Raises GBP350 Million In London IPO". Morning Star. 6 November 2016. Archived from the original on 9 November 2018. Retrieved 9 November 2018.
  2. "FTSE UK Index Series: Annual Review June 2020". 3 June 2020. Archived from the original on 3 June 2020. Retrieved 3 June 2020.
  3. "Civitas Social Housing aims to double in size with share issue". City Wire. 28 September 2018. Archived from the original on 9 November 2018. Retrieved 9 November 2018.
  4. "REIT moves into Scotland using housing association only registered in England". Inside Housing. 20 May 2019. Archived from the original on 9 July 2021. Retrieved 20 May 2019.
  5. "Watchdog bites another of Civitas' housing associations". Investment Trust Insider. 9 May 2019. Archived from the original on 9 July 2021. Retrieved 20 May 2019.
  6. "Civitas promises better disclosure after short attack". citywire.co.uk. Retrieved 1 November 2021.
  7. "Civitas Social Housing REIT to delist on 4 August following takeover". Investment Week. 6 July 2023. Retrieved 7 July 2023.
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