17 March 2021 | 09:23am
StockMarketWire.com - Housing investor Residential Secure Income said it had acquired 68 shared ownership homes from Metropolitan Thames Valley Housing for £5.1 million.
Residential Secure Income (ReSI) said the deal followed a partnership between the two companies in in London and Cambridgeshire that delivered 138 shared ownership homes during 2020.
The newly acquired properties, located in a Swindon development, comprised 53 apartments and 15 houses, in low-rise brick buildings.
The average share already owned by residents in their homes was 44%. The properties are immediately earnings enhancing for ReSI and generate an expected inflation-linked leveraged yield in line with ReSI s 8% total return and around 5% dividend targets, the company said.
TRADING UPDATES: Ceres Power eyes move to Main Market by mid-2022
Wed, 17th Mar 2021 18:40
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Ceres Power Holdings PLC - Horsham, West Sussex-based solid oxide fuel cell developer - Proposes placing and subscription to raise GBP180m million via PrimaryBid. Says the net proceeds will be used to accelerate its investment in the development and potential commercialisation of its solid-oxide electrolysis technology. This will help expand the company s presence in the green hydrogen production market. Intends to explore a move to the London Stock Exchange s Main Market by mid-2022.
Stylish apartments in Redhill offer accessible route onto property ladder
Shared ownership with SO Resi makes it easier than ever for first-time buyers to get their own place
Advertorial
SO Resi Redhill has lots to offer, both the apartments themselves and the surrounding local area (Image: StuThomas.com) With research revealing that the average first-time buyer must save more than a yearâs salary to get onto the property ladder, many are turning to more accessible routes to homeownership, such as shared ownership .
SO Resi, the shared ownership brand of Metropolitan Thames Valley Housing, has a range of one and two-bedroom apartments available through shared ownership at its stylish SO Resi Redhill development.