Civitas Social Housing PLC Publication of Independent Social Impact Report (0381R)
June 12 2018 - 2:00AM
UK Regulatory
TIDMCSH
RNS Number : 0381R
Civitas Social Housing PLC
12 June 2018
Publication of Independent Social Impact Report
12th June 2018
CIVITAS SOCIAL HOUSING PLC
("Civitas" or the "Company")
London, 12th June 2018: An independent report, published today
by social advisory firm The Good Economy, examined the social
impact of Civitas' work from its first investments in December 2016
to 1 June 2018.
Investment summary as at 1 June 2018:
- Civitas had committed GBP493m to 43 portfolio investments with
12 Registered Providers, comprising 428 individual properties
- Civitas had worked with 71 care providers to facilitate the
provision of high-quality care for 2,758 people, the majority of
whom have learning or physical disabilities and medium to high care
needs
The Good Economy found that based on the investments as at the
date of the Report:
- 40% of Civitas' purchased properties have been successfully
brought into the social sector for the first time creating new
homes for 1,237 people
- 67% of Civitas purchased properties are in the 40% most
deprived local authorities in England and Wales
In the report, The Good Economy concluded:
"Civitas set out with a purpose of making a significant and
positive contribution to the social housing sector. We have
experienced at first-hand how the Civitas team are deeply committed
to the long-term positive role Civitas and private capital can play
in the sector.
The Good Economy's first full Impact Report demonstrates that
Civitas is achieving its social objectives and delivering positive
outcomes for vulnerable people."
Paul Bridge, Chief Executive of Civitas Housing Advisors,
said:
"We are very pleased to have worked again with The Good Economy
as part of our continuing commitment to assess both the social as
well as the economic benefits being delivered through the fund's
investments.
Civitas, together with The Good Economy and other specialists,
intend in due course to extend its work to further analyse and
measure the social monetary value that successful impact investing
delivers, aligned with industry reporting standards."
A full copy of The Good Economy's Civitas Social Housing PLC
Social Impact Report 2018 can be downloaded at:
http://civitassocialhousing.com/investor-relations/reports-and-publications/
The next Impact Report is expected to be published alongside the
fund's interim report in respect of the six months to September
2018.
About Civitas
Civitas was admitted to the London Stock Exchange in November
2016 in a GBP350 million offering, with the aim of raising private
capital to invest in social homes across England and Wales. A
further GBP302 million was raised in November 2017 in the form of C
Shares, which when fully invested, will be converted to Ordinary
Shares.
The REIT provides long-term income to its shareholders while
putting their capital to work for social benefit, increasing the
provision of high-quality social housing to improve the quality of
life of low-income and vulnerable people in social need.
For further information, please contact:
Civitas Housing Advisors Limited
Paul Bridge Tel: +44 (0)20 3058 4844
Andrew Dawber Tel: +44 (0)20 3058 4846
Cenkos Securities PLC
Sapna Shah Tel: +44 (0)20 7397 1922
Tom Scrivens Tel: +44 (0)20 7397 1915
Pagefield
Philip Dennis Tel: +44 (0)7947 868206
David Leslie Tel: +44 (0)7584 070274
Notes:
Civitas Social Housing PLC is the first Real Estate Investment
Trust offering pure play exposure to social housing in England and
Wales. The Company is managed by Civitas Housing Advisors Limited.
The Company is listed on the premium listing segment of the
Official List of the Financial Conduct Authority and was admitted
to trading on the main market for listed securities of the London
Stock Exchange in November 2016.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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