Civitas buys 10 properties for £8.6m

UK care-based housing and healthcare real estate investment trust Civitas said it had bought 10 supported living properties across Hertfordshire, Essex, Suffolk and Wales for £8.6m.

The portfolio provides adapted homes along with personalised specialist care for 41 people with complex mental health care needs, administered by three care providers which already work across other properties within the Civitas portfolio, the company said on Friday.

The properties are leased with rents adjusted annually in line with CPI over the full-term and are subject to a lower limit of inflation of 0% per annum and a maximum indexation of 4% a year.