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Triple Point eyes listing upgrade and £200m new cash
Investment trust Triple Point Social Housing REIT (SOHO) wants to upgrade its listing category so it would be eligible for inclusion in FTSE indices.
It also wants to raise up to £200m after its investment manager identified new potential investments.
Triple Point invests in social housing assets across the UK with a particular focus on supported housing. Its assets are subject to inflation-adjusted, long-term (typically from 20 to 30 years) leases. (DC)