GLASGOW, Scotland, September 30, 2015 /PRNewswire/ --
The Directors of Carduus Housing, an investment vehicle established to identify and invest in residential property in the UK which is suitable for renting to tenants in the Affordable Housing sector, are pleased to announce that the Company's £3,500,000 6.5% unsecured bonds due 2020 (the "Bonds") have been admitted to trading on the ISDX Growth Market today.
The Directors intend to use the proceeds of the issue of the Bonds to acquire Affordable Housing stock in areas where rental demand is not being met and to have the acquired properties managed by registered Housing Associations on the Company's behalf. The Directors believe that having the properties managed by Housing Associations in this way will ensure that rental income is maximised and that the properties are maintained to a high standard, commensurate with housing in this market sector.
Initially, the Company will focus on the Affordable Housing sector in Scotland, where Brian Gilmour and Drew Oswald, the Executive Directors of the Company, have particular expertise.
The Company aims to become an exemplary provider of residential property investments, building communities and adding social value whilst providing stakeholders with what the Directors consider to be an ethical and responsible investment in the UK Affordable Housing sector.
For further information please contact:
CARDUUS HOUSING PLC
Brian Gilmour, Managing Director
PETERHOUSE CORPORATE FINANCE LIMITED