Trio of social housing IPOs shows appeal of long income

摘要

Triple Point Group revealed plans for a £200m initial public offering (IPO) of a social housing REIT last week - the third in a matter of months. It follows hot on the heels of Residential Secure Income, which raised £180m in its IPO in July, and Civitas Social Housing, which became the first social housing REIT to list on the London Stock Exchange last November, By raising £350m - well above its £250m target - Civitas demonstrated that considerable investor appetite existed for social housing stock.