Civitas Investment Management Limited (“Civitas”), the U.K.’s largest provider of community healthcare and specialist education facilities with £3.5 billion of assets under advisory, announces that following £73 million of acquisitions in December, it deployed £113 million of equity in the second half of 2023, acquiring or forward funding 22 UK specialist healthcare assets across 14 transactions.
Representing a continuation of the first half of 2023, the activity furthered Civitas’ commitment to the high growth and specialist sector with strong social impact credentials which offers secure, long-income real estate or infrastructure characteristics. The proceeds from the disposals will enable a mix of capital recycling into new development, business growth and reduction of indebtedness.
The rental income is 100% government-backed and benefits from annual indexation. The properties will enable 487 individuals to live in, or receive specialist education within, specialist real estate.
Source: Press release on 2 Feb