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Triple Point gears up for social housing REIT IPO

Triple Point Social Housing REIT, a newly established closed-ended investment company, has announced its intention to list on the London Stock Exchange.

It is seeking to raise up to £200m through an IPO, offering investors exposure to a portfolio of social housing assets in the UK, with a particular focus on supported housing.

The assets will be subject to inflation-linked leases and comprise both investments into operating assets and the forward funding of prelet developments.

The company is one of several residential REITs to list recently, including Civitas.

Akur and Canaccord Genuity are acting as joint financial advisers and Canaccord Genuity is acting as sole global coordinator and bookrunner.

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