REG - Social Housing Reit - MY SPACE HOUSING SOLUTIONS UPDATE

Social Housing REITAnnouncement

10/03/2025 07:00

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RNS Number : 9766Z  Social Housing Reit PLC  10 March 2025

10 March 2025

Social Housing REIT plc

(the "Company" or, together with its subsidiaries, the "Group")

MY SPACE HOUSING SOLUTIONS UPDATE

 

Further to the announcement on 3 February 2025, the Company confirms that the
company voluntary arrangement ("CVA") proposal of My Space Housing Solutions
("My Space") was approved by a creditor vote on 7 March 2025.

 

The Company's investment manager Atrato Partners Limited ("Atrato")
successfully negotiated an option agreement (the "Option") with My Space ahead
of the CVA process. This Option entered into by the Company enables it to
transfer all My Space leases within a 12-month period following the completion
of the CVA challenge period.

 

Atrato is already in advanced discussions with alternative Approved Providers
and will confirm details of the proposed transfers in due course. Atrato is
also actively working with My Space to ensure there is no disruption to
residents during this period.

 

 

ENDS

 

 

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 

 Social Housing REIT plc                                Via Brunswick Group
 Chris Phillips

 Atrato Partners Ltd                                    ir@atratopartners.com
 Adrian D'Enrico
 Michael Carey
 Eddie Gilbourne

 Akur Capital (Joint Financial Adviser)                 SOHO@akur.co.uk
 Tom Frost
 Anthony Richardson
 Siobhan Sergeant

 Stifel (Joint Financial Adviser and Corporate Broker)  Tel: 020 7710 7600
 Mark Young
 Rajpal Padam
 Madison Kominski

 Brunswick Group (Financial PR Adviser)                 Tel: 020 7404 5959
 Nina Coad
 Robin Wrench
 Mara James

 

 

The Company's LEI is 213800BERVBS2HFTBC58.

 

Further information on the Company can be found on its website at
 www.socialhousingreit.com (http://www.socialhousingreit.com/) .

 

 

NOTES:

The Company primarily invests in newly-developed social housing assets in the
UK, with a particular focus on specialised supported housing. These
operational residential assets deliver long-term sustainable income and are
managed by Approved Providers (being Housing Associations, Local Authorities
or other regulated organisations in receipt of direct payment from local
government). The portfolio comprises investments into properties which are
already subject to a lease with an Approved Provider, as well as forward
funding pre-let developments, but does not include any direct or speculative
development.

 

The Company was admitted to trading on the Specialist Fund Segment of the Main
Market of the London Stock Exchange on 8 August 2017 and was admitted to the
Official List of the Financial Conduct Authority and migrated to trading on
the Main Market on 27 March 2018. The Company operates as a UK Real Estate
Investment Trust ("REIT") and is a constituent of the FTSE EPRA/NAREIT index.

 

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