Trusted media brand of the Chartered Institute of Housing
Trusted media brand of the Chartered Institute of Housing
Joint venture to forward-fund purpose-built specialist housing units in £300m plan
Global asset managers Schroders Capital and Civitas Investment Management (CIM) have closed their Social Supporting Housing Fund (SoHO) after raising £192m from investors.
The pair formed the SoHo joint venture to forward-fund the development of new supported housing for vulnerable adults with care needs. The £192m in equity commitments will be leveraged to create a £300m fund to invest in purpose-built specialist units.
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