Triple Point Social Housing REIT EPRA Index Inclusion (2648Q)
June 05 2018 - 2:00AM
UK Regulatory
TIDMSOHO
RNS Number : 2648Q
Triple Point Social Housing REIT
05 June 2018
5 June 2018
Triple Point Social Housing REIT plc
(the "Company" or, together with its subsidiaries, the
"Group")
EPRA Index Inclusion
The Board of Triple Point Social Housing REIT plc (tickers:
SOHO; SOHC) is pleased to announce that the Group has been notified
by EPRA, the European Public Real Estate Association, that the
Company will be added to the FTSE EPRA/NAREIT Global Real Estate
Index Series.
This inclusion will become effective as of Monday, 18 June 2018,
following the Company successfully satisfying the required
eligibility criteria during the Index's recent Quarterly
Review.
Chris Phillips, Chairman of Triple Point Social Housing REIT
plc, commented:
"The FTSE EPRA/NAREIT Global Real Estate Index Series is the
benchmark index for institutional property investors. Therefore, we
are delighted with our inclusion from 18 June, which we expect will
assist in continuing to further diversify the Company's investor
base and to increase liquidity in our shares."
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
Triple Point Investment (via Newgate below)
Management LLP
(Delegated Investment Manager)
James Cranmer
Ben Beaton
Max Shenkman
Justin Hubble
Akur Limited (Joint Financial Tel: 020 7493 3631
Adviser)
Tom Frost
Anthony Richardson
Siobhan Sergeant
Canaccord Genuity Limited Tel: 020 7523 8000
(Joint Financial Adviser
and Sole Global Coordinator
and Bookrunner)
Lucy Lewis
Denis Flanagan
Andrew Zychowski
Newgate (PR Adviser) Tel: 020 7680 6550
James Benjamin Em: triplepoint@newgatecomms.com
Anna Geffert
Patrick Hanrahan
Leena Patel
The Company's LEI is 213800BERVBS2HFTBC58.
Further information on the Company can be found on its website
at www.triplepointreit.com.
NOTES:
The Company invests in social housing assets in the UK, with a
particular focus on supported housing. The assets within the
portfolio are subject to inflation-adjusted, long-term (typically
from 20 years to 30 years), Fully Repairing and Insuring ("FRI")
leases with Approved Providers (being Housing Associations, Local
Authorities or other regulated organisations in receipt of direct
payment from local government). The portfolio comprises investments
into properties which are already subject to an FRI lease with an
Approved Provider, as well as forward funding of pre-let
developments but does not include any direct development or
speculative development.
There is increasing political and financial pressure on Housing
Associations to increase their housing delivery and this is
creating opportunities for private sector investors to participate
in the market. The Group's ability to provide forward financing for
new developments not only enables the Company to secure fit for
purpose, modern assets for its portfolio but also addresses the
chronic undersupply of suitable supported housing properties in the
UK at sustainable rents and delivering returns to investors.
Triple Point Investment Management LLP (part of the Triple Point
Group) is responsible for management of the Group's portfolio (with
such functions having been delegated to it by Langham Hall Fund
Management LLP, the Company's alternative investment fund
manager).
The Company was admitted to trading on the Main Market of the
London Stock Exchange on 8 August 2017 and operates as a UK Real
Estate Investment Trust ("REIT").
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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