The UK 's first social - housing orientated Real Estate Investment Trust ( trust ) , Civitas Social Housing , has been oversubscribed by £ 100 m , raising £ 350 m ahead of its planned floatation on the London Stock Exchange . Civitas aims to offer dividends of 5 % , while the remainder will be ploughed back into housing stock in England and Wales . 16 November 2016 11:55 am | The REIT has not been greeted warmly by the industry , which fears tough economic conditions could tie housing providers into 10 to 40-year agreements . Civitas says its plan will offer a " new source of funding " .
The UK 's first social - housing orientated Real Estate Investment Trust ( trust ) , Civitas Social Housing , has been oversubscribed by £ 100 m , raising £ 350 m ahead of its planned floatation on the London Stock Exchange . Civitas aims to offer dividends of 5 % , while the remainder will be ploughed back into housing stock in England and Wales . The REIT has not been greeted warmly by the industry , which fears tough economic conditions could tie housing providers into 10 to 40-year agreements . Civitas says its plan will offer a " new source of funding " .