London team advises HSBC Bank plc on CK Asset’s £485m offer for Civitas Social Housing plc

United Kingdom Press release - Business mayo 2023

Global law firm Norton Rose Fulbright is advising HSBC Bank plc as financial adviser to CK Asset Holdings Limited (CK Asset) on the approximately £485 million offer for Civitas Social Housing plc (Civitas) by Wellness Unity Limited, a wholly-owned indirect subsidiary of CK Asset. 
 
Under the terms of the recommended cash offer, each of Civitas’ shareholders will receive 80 pence per share in cash.
 
Civitas is a real estate investment trust, which was founded in 2016 when it successfully listed as a closed-ended investment company on the premium segment of the London Stock Exchange's Main Market with an investment objective focused on investing in a diversified portfolio of social housing in the UK. 

CK Asset is a limited liability company incorporated in the Cayman Islands, which is registered in Hong Kong, and listed on the Main Board of the Hong Kong Stock Exchange. CK Asset is a leading multinational corporation and has diverse capabilities with activities encompassing property development and investment, hotel and serviced suite operation, property and project management, pub operation, investment in infrastructure and utility asset operation. In particular, CK Asset already has strong experience in the UK specialist social housing sector with existing ownership of a substantial property portfolio. 
  
The London-based Norton Rose Fulbright team is being led by corporate partners Paul Whitelock and Nicolas Sirtoli with support from corporate associate Jess Ong.

 

For further information please contact:

Marie Fryatt, PR Manager

Tel: +44 207 444 2695  

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