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Hong Kong Investor Agrees £485 Million Takeover of UK Social Housing REIT Civitas

Civitas Board Says Offer Undervalues Group But Recognises Sector Faces a Number of Challenges
CK Asset Holdings is buying Civitas. (Photo by Niall Carson/PA Images via Getty Images) (PA Images via Getty Images)
CK Asset Holdings is buying Civitas. (Photo by Niall Carson/PA Images via Getty Images) (PA Images via Getty Images)
CoStar News
May 10, 2023 | 2:26 P.M.

Wellness Unity, a company owned by Hong Kong property conglomerate CK Asset Holdings, and UK listed social housing landlord Civitas Social Housing have reached agreement on the terms of a recommended £485 million all-cash offer for the latter.

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