Specialist investor buys £10m PRS scheme

Sigma Capital has sold its PRS scheme at Galton Lock
A newly-completed PRS scheme in Smethwick has been bought by a specialist investor from Sigma Capital for £10.3m. PRS REIT, real estate investment trust established to invest in new-build homes in the private rented sector (PRS), is the new owner of 63 homes at Galton Lock. The properties are part of a wider development of 180 two, three and four-bedroom homes built by Countryside in partnership with Sigma Capital that was launched last year. The PRS element generates annual rent of £600,000. It forms part of a flurry of d... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...