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Civitas choose Lawson Conner for £350mln additional equity raise

September 28, 2017 - Firm News

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Civitas Social Housing, which buys stock from housing associations in order to provide affordable homes, is to launch an additional £350m equity raise. The firm will go to the market to raise the money less than a year after it raised a similar amount when it floated on the London Stock Exchange which was oversubscribed by £250mln.

Civitas has earmarked around £500m of investment for the coming year, to be used to help councils meet their housing requirements for people needing extra care. It had hinted at the need for more equity in a trading update earlier this month. The company operates by buying up stock from housing associations which need liquidity, and then manages the housing, often through a third party, on long term leases.

G10 Capital (part of the Lawson Conner Group) has been appointed as regulatory principal and AIFM for the LSE listed REIT and charged with the regulatory and compliance responsibilities of the social investment firm. Andrew Frost, Director of Investment Management says "It is a tremendous achievement by the team at Civitas to have deployed such an amount of capital and clearly there is demand here in the market for an investment with such social impact. We are delighted to have been chosen to help them achieve this. I am speaking to so many real estate firms about the option of going to market for a fund raise, something that may not have been a consideration previously is now very much on the table via our platform and offering"

For more information, please contact Andrew Frost

Tel: +44 (0) 203 696 1302

Andrew Frost
Director, Investment Management Services


Joe Woodbury
Director, Investment Management Services