Investments  

Civitas targets asset management partners as it hits £2bn

Civitas targets asset management partners as it hits £2bn

Social housing property investment firm Civitas is aiming to partner with larger asset management businesses as it expands.

Civitas currently has assets under management of £2bn held in products that invest in the social housing and healthcare asset classes.

About £800m of this is held in the Civitas Social Housing real estate investment trust but the firm has ambitions to grow.

Andrew Dawber, director at Civitas, said: “We are hiring a lot now and will be launching new investment products in the future.

"As the market becomes more aware of the need for social housing and healthcare facilities, we think there is an opportunity for Civitas to partner with larger, mainstream asset management firms, such as the agreement we have with Schroders right now, as a way to bring our expertise to a wider market in future.”

In 2019 Civitas partnered with Schroders to launch a social housing development.   

Mr Dawber said: “We are greatly encouraged by the opportunities in the near term future as we grow and build out our investment funds, deploying capital in projects in the UK and in Europe in due course.

"We are experiencing strong and growing demand from portfolio managers who increasingly recognise the attractions of investing in the asset classes that CIM promotes.

"We are especially proud of the team that we have built at CIM who each provide different perspectives towards the same goal, creating sustainable investment returns for the long term in projects that deliver genuine social good at a local level wherever that investment is made.”

david.thorpe@ft.com