The PRS REIT raises £250m in share placing to build thousands of homes
The PRS REIT, advised by Manchester-headquartered Sigma Capital Group, has raised £250m through a successful share placing.
Sigma said as a result of today’s announcement its trading performance for the current financial year was expected to be significantly above current market forecasts when its full-year results for the 12 months to December 31 are published in April.
Launched on May 31 last year, the PRS REIT is a closed-end trust established to invest in new build, private rented sector homes.
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