| |
| Please Note - Streaming News is only available to subscribers to the Active Level and above |
|
|
|
Residential Secure Income buys 68 share-ownership homes for £5.1m
StockMarketWire.com
|
Housing investor Residential Secure Income said it had acquired 68 shared ownership homes from Metropolitan Thames Valley Housing for £5.1 million.
Residential Secure Income (ReSI) said the deal followed a partnership between the two companies in in London and Cambridgeshire that delivered 138 shared ownership homes during 2020.
The newly acquired properties, located in a Swindon development, comprised 53 apartments and 15 houses, in low-rise brick buildings.
The average share already owned by residents in their homes was 44%.
'The properties are immediately earnings enhancing for ReSI and generate an expected inflation-linked leveraged yield in line with ReSI's 8% total return and around 5% dividend targets,' the company said.
At 9:23am: (LON:RESI) Residential Secure Income Plc share price was 0p at 91p
Story provided by StockMarketWire.com
|
|
|
|
|
|
