The portfolio consists of four residential care properties in Kent – managed by Chrysalis Supported Association Limited – and one specialist supported living property in Luton – managed by Falcon Housing Association.

Both associations are regulated by the Homes and Communities Agency (HCA).

•   Luxury retirement living scheme in Edinburgh secures planning permission
•   £100m retirement home portfolio acquired
•   Portfolio of retirement villages sold for £102m

The properties are expected to generate income with an initial net yield in line with the company’s expectations and are subject to a 25-year lease arrangement with rents adjusted annually in line with CPI.

The residential care properties are already in use and the current care provider will continue to support residents.

The acquisitions were funded through the Civitas’ cash resources from its recently issued C share.