The Board of Triple Point Social Housing REIT plc (“SOHO”) has announced that it has selected Atrato Partners Limited (“Atrato”) as the preferred candidate to be appointed as SOHO’s investment manager.
The appointment is subject to agreeing a new investment management agreement, the key terms of which will be announced in due course. The new agreement will deliver significant cost savings compared to the current arrangements.
The date of the formal transition of the investment management services from Triple Point Investment Management LLP (“Triple Point”) to Atrato is expected to occur in January 2025. During the transition period, Atrato will work closely with Triple Point and SOHO’s advisers to ensure there is no disruption to SOHO, its tenants and the residents of its homes.
Atrato’s social housing business is committed to providing high-quality housing for vulnerable people via a sustainable, compliant model of leasing. The team has deep sector experience and was recently strengthened with the arrival of Adrian D’Enrico from Edmond de Rothschild AM.
Adrian D’Enrico, Managing Director, Social Housing says: “We are delighted to have been selected by the Board of SOHO following a comprehensive process. Our appointment is an opportunity to leverage Atrato’s compliant leasing model, and sector knowledge, to restore shareholder value”
Ben Green, Principal at Atrato Group says: “We look forward to further evaluating both the strengths and areas for improvement within the portfolio. Atrato’s track record in the REIT and social housing space will allow positive engagement with key stakeholders, including shareholders, residents, regulators and tenants, as we transition to become the new investment manager.”
