Specialist Investment Properties has announced a further property acquisition in Fazeley, Staffordshire, comprising 12 one bedroom flats providing supported living accommodation for adults with learning difficulties.
This will be the company's third acquisition in the supported living sector and the eighth acquisition overall since it began implementing its new investment policy in March 2016. SL Boathouse Limited, a subsidiary of SIPP, has exchanged on the property which is to be leased to Inclusion Housing Community Interest Company on a 25-year inflation linked, full repair and insuring lease. Completion is due to occur on or around 26 September.
At 2:58pm: (LON:SIPP) Specialist Investment Properties Plc formerly Hotel Corp share price was 0p at 20p