29 June 2017
CIVITAS SOCIAL HOUSING PLC
("Civitas" or the "Company")
Grenfell Tower and Subsequent Events
The tragic events surrounding Grenfell Tower have led to a national evaluation of the use of certain building materials and construction methods in high rise buildings.
Civitas seeks to ensure that the properties within the portfolio are of a high standard and suitable for use by the tenants. This is supported by 100 per cent physical inspection prior to purchase with an associated programme of monitored improvements as required.
The Company's strategy is to buy individual home dwellings and low rise smaller apartment buildings. Civitas does not buy or own any high rise or older system-built properties to which the issues referred to relate. It has never been the intention to acquire any such properties as they do not fit within the Company's investment strategy.
At this time we wish to extend our thoughts to those caught up in these tragic events. Civitas Housing Advisers Limited has made a private donation to the British Red Cross London Fire Relief Fund.
For further information, please contact:
Civitas Housing Advisors Limited
Paul Bridge Tel: +44 (0)20 3709 4622
Andrew Dawber Tel: +44 (0)20 3709 4626
Cenkos Securities PLC
Sapna Shah Tel: +44 (0)20 7397 1922
Tom Scrivens Tel: +44 (0)20 7397 1915
Philip Dennis Tel: +44 (0)7947 868206
David Leslie Tel: +44 (0)7584 070274
Civitas Social Housing PLC is the first Real Estate Investment Trust offering pure play exposure to social housing in England and Wales. The Company is managed by Civitas Housing Advisors Limited. The Company is listed on the premium listing segment of the Official List of the Financial Conduct Authority and was admitted to trading on the main market for listed securities of the London Stock Exchange in November 2016.
This information is provided by RNS