Triple Point portfolio sale held up over funding hunt

A £20m portfolio sale from Triple Point Social Housing REIT has been held up again because the buyer cannot secure funding for the deal. Triple Point had said in June that the sale of the self-contained and shared homes would complete in September. By September it told shareholders that completion was being pushed back to November as the unnamed buyer secured debt for the deal. In a stock market update today, the company said the sale was now being pushed back again.  “Despite successfully completing their operational due diligence and agreeing terms on the portfolio, the purchaser has not been able to close the funding required to progress the transaction at this time although they continue to pursue funding options,” Triple Point said.